BIG BAD CHINA [CHARTS]

By Shane Obata and Richardson GMP BIG BAD CHINA It seems as though every day we are inundated with news out of China. Investors are already concerned. The offshore renminbi (CNH) is more international than the onshore one (CNY), which is tightly managed by the government. As such, the rising spread (CNH-CNY) between the two may be indicative of mounting skepticism about China’s economy and its markets. Likewise, capital is fleeing the country as hot money flows have accelerated: source: @vikramreuters In the following sections we will attempt to analyze China and to determine its biggest risks. Lastly, we will try to…