China Recovery Theme Turns Vexingly Convoluted

China's economic recovery is proving to be a halting affair. Notwithstanding justifiable reservations about the reliability of the data (and thereby very real questions about the utility of using that data to draw conclusions), it's still incumbent upon macro observers to document the trajectory of the world's second largest economy. On Tuesday, an unexpected plunge in imports raised fresh concerns. The 7.9% drop for April marked yet another in a series of confounding zigzags which are difficu