China has been in recession for over 6months. Notice how much the tone out of Beijing has changed since? That means they are really worried, which should worry everyone else too.
P2P lending is collapsing and government has already closed 5000 P2P ventures. Lots of investors where heading to Beijing for protest, they’ve all been arrested.
The writing is on the wall. Not sure there is much China can do to spin this one. Aviation usually leads the economy. Them selling their freight venture is pretty indicative that the numbers are bad.