NEW YORK ( TheStreet) -- Although I have been bearish on China for 18 months or so, late last year our work showed there would be a bear market rally in the China economy and stock market. That happened right on schedule.The latest GDP growth number increased to 7.9% from 7.4% the prior quarter. We don't believe China's governmentally produced economic numbers any more than we trust those from Washington. Our expectation was based on the national congress and appointment of a new China leadership.
Clouds Gather as China Bulls Celebrate
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