China, the last of the BRIC

So I am now into my last installment of the BRIC, China. Consider that I am going to China next month for company training.

I believe I have written about the Shanghai Composite index and noted that it was at the bottom. I remember the reason I wrote about it is because the world is saying the index was high at that time. It was in 2011 that I still have up-date on the index.

It seems like after many years, the index not only maintain a "low" profile, it went back down. Imagine a 4 years ordeal of down trend. I am surprise that China still maintain a year on year growth in its economy.

However, over the 4 years, it is forming a downward wedge. This would lead to an eventual up-trend, with the wedge, it will reach 3,400.

So among the 4 countries, it seems that China is the only country with potential for up-ward growth.