Wednesday, July 3, 2013
CHINA ECONOMY : without huge Credit expansion there would probably be no Growth at all
MARC FABER : "The Chinese economy is much weaker than the official statistics suggest," Faber said.
"My view would be that at the present time, the Chinese economy is growing at something like 4 percent per annum, and without huge credit expansion there would probably be no growth at all."
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
Posted by Nicole Bourbaki