China’s debt is approaching critical levels and a crisis could unfold within a year, renowned investor Marc Faber told Citywire Global.
Rather than focusing on the spat between politicians over the US’s
fiscal policies, people should be more concerned about developments in
China, said F
aber.‘I am leaning towards the view that China is
heading for a crisis. The question is whether they can postpone the
problems with fiscal or monetary problems for a year or so,’ he said. - in CityWire
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.