“There are some symptoms of a bubble building in China, with the increase in foreign exchange reserves, rapidly rising property prices. From here on, the China economy will slow down regardless. Whether it will crash this year or later, I don’t know.”
in Bloomberg.com
Related ETf`s: iShares FTSE/Xinhua China 25 Index (ETF) (Public, NYSE:FXI), PowerShares Gld Drg Haltr USX China(ETF) (Public, NYSE:PGJ)
Related Stocks: China Mobile Ltd. (ADR) (Public, NYSE:CHL), China Life Insurance Company Ltd. (ADR) (Public, NYSE:LFC), PetroChina Company Limited (ADR) (Public, NYSE:PTR) and Aluminum Corp. of China Limited (ADR) (Public, NYSE:ACH)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
