China- Forbes jumps on the "China is going to blow up" bandwagon

Tuesday, May 22, 2012




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Forbes jumps on the "China is going to blow up" bandwagon

Wednesday, January 06, 2010
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From Forbes:

China's economy is the envy of the world. As developed nations struggle to eke out a bit of growth and to get unemployment rates out of double digits, Chinese output gallops ahead at an 8% annual rate. This $4.7 trillion economy, it seems, is the world's dynamo and the prototype for the future.

Take a close look, however, and you may come away thinking China resembles nothing so much as Japan shortly before its stock and property markets melted down two decades ago. A speculative frenzy of borrowing and bidding up is at work. If and when prices crash, there will be hell to pay.

Signs of the times: government bureaucracies funding themselves by foisting debt...

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Topics:		China \| Stocks \| Cruxallaneous

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