It is difficult to overstate my pessimism about the trajectory of China’s economy.… I hope I am wrong but I deeply fear another big blow to the global financial system. Google for “Chinese Ghost Cities” to have your socks scared off.
To the point (Austro-Chinese business cycle theory)
“There is persuasive evidence to conclude that the Chinese economy is actually growing at just 4 or 5 per cent right now based on a composite of other indicators,” says Patrick Chovanec, a business pr…