China top hedge fund: Wage gains to slow abruptly, profits fall, will hit retail-sales

Lu Jun, runs Congrong Allweather Fund, China's top-performing macro fund last year with a return of 90%

• Says wage gains will slow abruptly as early as the second quarter
• Companies struggling with falling profits
• Will hit consumption
• May result in retail-sales growth more than halving to 5% by the end of 2016

Jun says these are based on his fund's own calculations

He was speaking with Bloomberg from Shanghai, on the sidelines of a hedge fund conference.

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I have to say its generous of him to share his views ahead of surely being thrown into jail on a trumped up charge