In 1 year the chinese economy will perform poorly, in other words, it will have a recession. A recession in China could be a technical recession, if you slow down from a rate of 10 percent to a growth rate of 3 percent, that is a recession.
I don`t believe in the growth numbers in China. If you had GDP adjusted to the true rate of inflation, then real growth is of course much slower.
Tickers: iShares FTSE/Xinhua China 25 Index (ETF) (FXI), Morgan Stanley China A Share Fund, Inc. (CAF), PowerShares Gld Drg Haltr USX China(ETF) (PGJ), Aluminum Corp. of China Limited (ADR) (ACH) PetroChina Company Limited (ADR) (PTR), China Petroleum & Chemical Corp. (ADR), (SNP) China Life Insurance Company Ltd. (ADR) (LFC), Bank of China Limited (SHA:601988), China Merchants Bank Co., Ltd (SHA:600036), China Mobile Ltd. (ADR) (NYSE:CHL)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
