Quote: (11-27-2012 01:21 AM)Thomas the Rhymer Wrote:
Some of the Zerohedge.com posts suggest that China is in the middle of a credit bubble. When it pops, there will be some serious fallout.
We can't really discuss the Chinese economy because the statistics are censored or fudged to suit the interests of the ruling party.
My personal, admittedly uninformed, bet is that China will be in recession in 2014 once loans start defaulting en mass.
This.
China cannot sustain growth like it has. Massive property bubble, issues with the ruling party, lack of domestic consumption, political issues still continuing, little room, aging population even worse than the US, dependence on lukewarm trade agreements, etc. It's gonna pop and go down long term, no question at all.