When it comes to properly assessing China’s stock market, are financial experts bad or just blind? Here’s what they’ve been saying: Buck the Trend, Buy Chinese Stocks – Forbes, Jim Oberweis, 7/9/13 Huge Reforms in China Could Lead to Big Upside for Top Chinese Stocks – 247wallst, 11/19/13 It’s Time to Buy China – MarketWatch, …
Depending on whom you believe, China is either on the verge of economic utopia or a major economic shock. And the data is leaning toward the latter. Non-performing loans made by Chinese banks soared to $97.5 billion in the final three months of last year, according to the China Banking Regulatory Commission. That matches levels …
China’s Busted Bank Loans Hit 2008 Crisis Levels Read More »
To China, shadow banking has been both a blessing and a curse. It’s been a blessing, because it’s created an immediate steroids like impact on China’s economy of falsified strength and growth. It’s been a curse, because the art of gaming economic growth through credit expansion never has a pretty Hollywood ending. In China, credit …