Wednesday, September 25, 2013

Marc Faber: Chinese Economic Growth Only 4%

Marc Faber, Editor of the Gloom, Boom and Doom report explains why Chinese growth could slow down to a maximum of 4 percent. He also thinks gold, silver and Japanese equities are inexpensive.

Marc Faber : "I said to an economist I think China is growing at 4 percent per annum and he said do you mean minus 4 percent?," Faber told CNBC on the sidelines of a hedge fund conference in Singapore on Wednesday. "I don't think [China's economic growth] is minus 4 percent, but we do have to adjust a lot of economic statistics for the credit that has been pushed into the system that is not sustainable in the long-run," he added.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.


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