It appears to me that China is finally in their "Great Depression". Something the American market hasn't hit yet - but we will within a year or two. What is going on there is nothing short of saddening and disasterous. Apparently, MANY workers haven't been paid, some for many years - something that is very astonishing. And the result has been just short of revolution - sabotage.
It looks like sabotage is frequent and spread through the country.
The good news, which is really no consolation, is this may perhaps be the bottom. If you look at the FXI (Large Cap China ETF), it can be looked at as either "almost no change" to "slowly grinding higher".
But in the meantime, the people suffer. And...it is really, really bad. Click on the photo to watch an amazing video of what has been going on in China:
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