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Straws in the wind

Daryl Guppy
Daryl Guppy4/24/2020 06:30 AM GMT+08  • 6 min read
Straws in the wind
The end of April is a critical period for the Shanghai Composite Index because this is the tip of the up-sloping triangle pattern.
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(Apr 24): Centuries ago, the auguries — those foretellers of the future — would throw feathers into the air and then divine the future. Nowadays we call these straws in the wind. China is not an economy that can be ignored, so here are some straws in the wind to consider.

The first are three signs of economic recovery which then segues into a wider trade consideration. Finally, there are some straws that suggest an alternative universe. The challenge is to place appropriate investments.

China said its economy fell by 6.8% in the first quarter, worse than expected, but it started showing signs of recovery in March as factories and businesses re-opened after a six-week shutdown due to the health crisis.

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