China - China is intentionally creating a bubble

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China is intentionally creating a bubble

Thursday, December 03, 2009
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From Newsmax:

Economist Andy Xie says China is trying to prolong its bubble because when the U.S. dollar bottoms — which he thinks will happen a couple of years from now — it will cause money to flow substantially out of China.

Xie likens the Chinese economy to riding a tiger: If you get off, it could kill you, which is why China is trying to prolong its bubble instead of pricking it.

Read full article...

More on China:

China is on the brink of disaster

Bond King Bill Gross: Major China bubble ahead

China shakes the gold industry: Rumored to be interested in major U.S. gold miner...

Topics:		China \| Government Stupidity \| Cruxallaneous

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