My colleague, Edward Chancellor, strongly suspects that the Chinese economy is dangerously unbalanced and very likely to come unhinged in the next few quarters, surprising the pants off investors. - Jeremy Grantham
Stephen Roach, who has been optimistic on China for a while, is developing a similar point of view:
China must redirect economic growth towards internal private consumption.
Unlike most, I have been a steadfast optimist on China. Yet I am starting to worry. A macro strategy that exacerbates worrying imbalances is ultimately a recipe for failure.
Something to keep an eye on.
Adam
China's Economic Stability
![China's Economic Stability]()
Reviewed by Pisstol Aer
Published :
Rating : 4.5
Published :
Rating : 4.5