Time to Go Bearish On China? (FXP)

China’s growth story has been hard to ignore the last few years. The world’s largest country by population may still be considered an “emerging” market, but at least parts of China are as developed as anywhere else. China is now the third-largest economy in the world; GDP grew by almost 12% in the first quarter of this year. Some analysts think China may surpass Japan in the global GDP rankings. We’ve discussed the benefits of playing China in the past, but the current environment more than highlights the risks of Chinese stocks. The Shanghai Composite Index closed at a seven-month low on Tuesday. Chinese large-cap stocks have been lackluster at best this year. That means the time may be right to look at the ProShares UltraShort FTSE/Xinhua China 25…