Thursday, August 30, 2012

The Chinese Economy Not Collapsing but Slowing Down more than the Official Statistic Suggest

Marc Faber : " All these indicators [which he discusses at length from electricity production to Macau gaming revenues and consumer spending habits to appliance and air-conditioning volumes] do not necessarily suggest that the Chinese economy is collapsing, but they reliably do suggest that the economic slowdown is more pronounced than official Chinese statistics would have you believe. In addition, these indicators do not imply that the Chinese stock market will decline further (but it could). Perhaps the weak performance since 2008 has already discounted much of the slowdown in economic growth." during a recent presentation about the possible impact of social and political unrest in North Africa and the Middle East
Click here to watch the full presentation>>>>>


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