Understanding China, One Blog at a Time

An American in China

Must See Video

Posted by w_thames_the_d on September 23, 2011


Damn Brew knocked that one out of the park, excellent catch Brew-dog. Brewskie found this video
http://etf-investment-ideas.blogspot.com/2011/09/jim-chanos-china-debt-worse-than-europe.html

The video explains that China’s debt could be 200% of GDP due to the small town and provincial governments. In addition he says that China’s growth is pinned to building construction but construction is down and its true, you can see it. So the guy – Chnaos says that China is edging over the precipice. Actually if they crash it is bad for us all, but some of them really need to eat crow and big business needs to start telling us the complete story….

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