“After comprehensive judgment, our economic recovery cannot be U-shaped, cannot be V-shaped, but will be L-shaped,” warns an ‘authoritative’ person according to a shocking report published by Government mouthpiece People’s Daily. The report, explaining why investors should not expect growth to pick up soon or expect more stimulus to come soon further sets expectations for China to “face the issue of rising non-performing loans” and not continue to create zombie companies. The result – a bloodbath in stocks and commodities…