Andrew Lee from UBS wrote an excellent article last month and made a number of key points explaining why he thinks China's growth story is fundamentally unsustainable.And here is some of my notes.
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1.China are encountering a number of vital resource depletions right now. Fuel, oil and Top soil are all critical concerns to the stability of Chinese economy.
Showing posts with label Debt crisis. Show all posts
Showing posts with label Debt crisis. Show all posts
Sunday, June 26, 2011
Saturday, December 11, 2010
Jim Chanos:Investing Behind the Great Wall
Hedge fund pro and short seller Jim Chanos believes that China’s overbuilding and overdependence on new real estate, when the demand isn’t there, will cause the nation to eventually “hit a wall.”
CNBC: “The problem is that consumption as a percentage of Chinese economy has declined in the last 10 years, from 40 to 35%. It’s all real estate,” Chanos said.
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CNBC: “The problem is that consumption as a percentage of Chinese economy has declined in the last 10 years, from 40 to 35%. It’s all real estate,” Chanos said.
source
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