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Is China the new Japan?

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    Emma Walsh
    Keymaster

    From the B&P Briefing, Friday, March 27

    Even though “the Shanghai Composite Index – which tracks all shares available to foreigners and Chinese citizens listed on China’s main Shanghai Stock Exchange – is up 81% in dollar terms since the start of last June” Bill and Chris remain unconvinced of the ability of China’s “Communist technocrats can successfully manage the world’s second largest economy.”

    Certain indicators, including over capacity in the housing market, rapidly falling real estate prices and debt in the range of 200 – 300% of GDP point to flatlining economic growth in China.

    As Bill told Diary readers at the start of the month, China is “a massive case of malinvestment on the verge of going bad.”

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