Corporate executives with risk exposure in China would do well to follow the Chinese stock market very carefully as it is one of the best leading indicators of business conditions over the next one to four quarters. And right now, the Chinese stock market continues to flash multiple warning signs of a sharp economic slowdown. Growth below 8% (it’s close to 10% currently) would amount to a Chinese recession, as it would be inadequate to continue employing the flood of migrants into urban areas.