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Fri Apr 6, 2012, 05:29 PM

China doomsayer sees crash coming


HONG KONG (MarketWatch) — China’s consumption boom is drawing to a close, according to one economist’s contrarian view, which calls for no growth — or even a contraction — in the Chinese economy and the advent of an era of deflation and weaker spending.

Investments leveraged to the rise of the Chinese consumer, ranging from Australian miners to luxury-handbag makers and even iPhones are due for a reality check, according to Jim Walker, founder and managing director of the Hong Kong-based economic research company Asianomics.

While much of the analyst community has touted China’s growing domestic demand in recent years, Walker sees the Chinese consumer as unlikely to show much resilience, now that the economy is on a weakening trend and easy credit has run its course.

“The contrarian call we have is to short or underweight consumer plays until we get through this,” said Walker. ................(more)

The complete piece is at: http://www.marketwatch.com/story/china-doomsayer-sees-crash-coming-2012-04-05



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Reply China doomsayer sees crash coming (Original post)
marmar Apr 2012 OP
Vincardog Apr 2012 #1
dixiegrrrrl Apr 2012 #2

Response to marmar (Original post)

Fri Apr 6, 2012, 05:37 PM

1. The noe-liberal plan to outsource good paying factory jobs to low wage locations like China

and then have the American Market replaced by Chinese consumers was and will always be a fantasy.
This OP only points out the race to the bottom only ends up with every one at the bottom.

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Response to marmar (Original post)

Fri Apr 6, 2012, 05:55 PM

2. Lots of econ folks are predicting a crash in China..

pointing to various reasons.
A few are pointing to stealth currency war which may save China...
All a roll of dice, says I .

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