http://www.reuters.com/article/us-ch...0UI0CU20160104
I'm pretty sure everyone realized long ago that the government produced economic information out of China is fraudulent, its like a game of musical chairs where everyone is anxiously looking for an opening to get out. The ban on selling from the prior market crash is about to come off, in which case more shares will be dumped, which will likely result in another crash and another ban.
The Chinese government is running a massive ponzi scheme with how it funds SOEs (Stated Owned Enterprises), funding trillions in bad debt and keeping it off the books of the state owned banks by transferring it into what are essentially permanent 'bad' banks run and owned by the government but portrayed as public companies. The State uses these SOEs to do things like employ the 300,000 soldiers they just fired from the Chinese army, or build cities that nobody will live in. There was already a great deal of social unrest in China last year due to the economic conditions, and it is likely that this will get worse, especially if the government responds by cracking down. (of course, if the government is unable to even pay its soldiers anymore, it makes you wonder who will be doing the cracking down)
It will be interesting to see if 2016 is the year when things fall apart in China. The oil markets have been signaling a major problem somewhere in the world's economy, and its a good bet that a large portion of that problem is in Asia.