Breakingviews - Everyone is right about China’s economy

Reuters - 02-20


HONG KONG (Reuters Breakingviews) - China bears and bulls can pick their data in the Year of the Pig. Stock markets are charging; bonds defaulting. Lunar New Year holiday spending was weak, but January exports boomed. State-owned companies and contradictory industrial and monetary policies are muddying traditional performance measures. They betray an economy going in two directions at once.