The China Bubble – General

www.forbes.com — China's economy is humming along in high gear, thanks to a fast-growing pile of dicey debt. Such booms tend to end badly.

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.

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Submitted by ndmagxian

1 year 47 weeks ago Made popular 1 year 47 weeks ago

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ndmagxian 1 year 47 weeks ago

It is all around. Even in my close surroundings here in China. And it is getting louder and louder. I expect the worse to come in the next 1-1,5 years. That is my opinion. For all those who can read german i recommend this new article from "Der Spiegel":

http://www.spiegel.de/wirtschaft/soziales/0,1518,682991,00.html

All will get fixed...yep, that is true. The question is how ;-).

Who Hao/Bu Hao'd It?

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