The recent move up for the Shanghai index started from the 78.6% retracement long term so it was a good level. But the recent rise is quite lethargic. It maybe 3 waves. Also the larger target of C=A for the entire downtrend was not achieved. So it is possible that wave 3 of C starts to unfold from here meaning new near term lows might lie ahead for China again. C=A wa at 2400 and 3=1 is at 2100.