Media reports of factory closures in the Pearl River Delta are growing. But as Che Xiaohui and Kong Bo report in the China Securities Journal, the “spasm of pain” will lead to a brighter future

-The Shanghai Composite Index tumbled 271.76 points, its worst decline in four months. The decline was led by oil and property stocks who have been battered by rising oil prices and slowing demand in the housing sector.  In a sign that China’s housing sector is finally starting to slow VanKe China’s largest property developer reported that p...