China Hard Landing Story Way Oversold?

China Hard Landing - Around the end of November through the first couple weeks of December, Wall Street analysts release outlooks for the coming year.

One prediction that appears to be so widespread that it receives little debate is that the China growth outlook is weakening, and growth will probably fail to meet the Chinese government's projection of 6.5% growth through 2016.

The most recent data points out of the world's largest economy (second if PPP GDP is your only measure) paint a different picture.

Here's a look.

China Hard Landing? China Manufacturing PMI

First, here's a look at China Manufacturing PMI.

The Purchasing Mangers Index shows some fairly strong weakness following the July 2014 reading.  Since peaking...