WorldWatch said China’s economy will slow and possibly “crash” within a year as declines in stock and commodity prices signal the nation’s property bubble is set to burst.The Shanghai Composite Index has failed to regain its 2009 high while industrial commodities and shares of Australian resource exporters are acting “heavy”.
The opening of the World Expo in Shanghai last week is “not a particularly good omen, citing a property bust and depression that followed the 1873 World Exhibition in Vienna.
The market is telling you that something is not quite right.
The market is telling you that something is not quite right.
The Chinese economy is going to slow down regardless. It is more likely that we will even have a crash sometime in the next nine to 12 months.”
This crash will start with a possible 12% drop in fuel demand...
