Some good data points on China
From EconMatters:
From what we discussed so far, it is evident a pronounced China slowdown in the next year or so is inevitable with the nation's export-centric economy struggling with waning global demand, while undergoing domestic structural economic and demographic shifts. Moreover, there could be some hidden debt bombs as a recent Bloomberg finding suggests that China's banks may be understating their exposure to runaway local borrowing by possibly billions of dollars that is raising fears of a government bailout.
How Beijing steers its economic and monetary policies in the next 2-3 years will be key to balance the country's inflation, growth and stability. While we see a very low probability of a hard landing case for China, but if Jim O'Neill is right about how much the world depends on China's growth, then don't count on that much world prosperity, at least in 2012.
http://www.econmatters.com/2011/12/few-chinese-bad-news-bears-that-could.html
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