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Reply #17: asia: Predictions of an economic collapse in China are in vogue [View All]

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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-28-11 07:10 AM
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17. asia: Predictions of an economic collapse in China are in vogue
http://www.latimes.com/business/la-fi-china-bears-20111...

Reporting from Beijing
Not long ago, those who predicted that China's economy was headed for a fall were in a lonely place.

U.S. economist Nouriel Roubini, widely praised for calling the U.S. housing meltdown, was dismissed as a serial contrarian when it came to his pessimistic China views. So was well-known hedge fund manager Jim Chanos. Lawyer and author Gordon Chang was derided as a Chicken Little for his 2006 book "The Coming Collapse of China."

Suddenly they're all Nostradamus.

Backed by data showing a slowdown in the world's second-largest economy, doomsayers have taken center stage. Unbridled optimism has given way to fears over widening cracks in the Chinese economic miracle.
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