If there is one China lover, it is Marc Faber. Yes Marc Faber the author of the Gloom, Boom & Doom Report says China is overdoing it. “it does not make sense for China to build more empty buildings and add to capacities in industries where you already have overcapacity. I think the Chinese economy will decelerate very substantially in 2010 and could even crash.”
This is what Marc said to Bloomberg TV.
Most of the investors I meet are now convinced that 2008 was an aberration. So come 2010, and 21000 will be back – well that is what most of them think.
Will it happen? The answer is maybe. Maybe not. Be carefull
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