I posted in January and again on February on some of the problems in China that make the problems here in the U.S. look a tad minor. At the time China had lowered 2015 forecasts to 7% growth, when servicing its debt load arguably would take over 20% growth to properly manage. They are now looking at around 5% and the trend is certainly in the wrong direction. With suffering real estate, huge debt, a vastly over-valued stock market and a host of other issues, it is not looking good. Even Bloomberg is pessimistic about it:
http://www.bloombergview.com/articles/2015-06-02/china-after-the-bubble
Anyone know Chinese for watch out below?
Tuesday, June 2, 2015
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