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Is China headed toward collapse?
Hat tip, Instapundit...theres a growing group of market professionals who see a different picture altogether. These self-styled China bears take the less popular view: that the much-vaunted Chinese economic miracle is nothing but a paper dragon. In fact, they argue that the Chinese have dangerously overheated their economy, building malls, luxury stores and infrastructure for which there is almost no demand, and that the entire system is teetering toward collapse. Posted by: g(r)omgoru 2009-11-11 |
| http://www.rantburg.com/poparticle.php?ID=283092 |