Wednesday, July 24, 2013
Marc Faber : The Chinese Economy is Growing at maximum 4 percent per annum, not 7.5 percent or 7.7 or 7.6 percent.
SMN: Because really, at this point, you can’t really believe what they’re saying.
Marc Faber : The Chinese are not completely dishonest, but if you read between the lines of the hard-core statistics in China, in my view, they don’t match with the public statistics about GDP growth. The economy is growing at say, maximum 4 percent per annum, not 7.5 percent or 7.7 or 7.6 percent.
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Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.