The Slowdown in China's Economy

Chinese markets performed well this week, but other Asian markets were mixed. China was lagging after missing estimates in their April activity data. Is there something fundamentally slowing down in China, Luke? Or do you think this is more a case of expectations being set too high? It's a great question. So take one step back. Structurally things are slowingdown in China, but not in a bad way. This is an economy that needs to become much more self-sufficient.