Will China Implode and Bring the U.S. Down With It?
The Gold Report submits:
It’s the world’s biggest and fastest-growing economic powerhouse, the subject of countless daily discussions and conjectures in the news media and an endless source of controversy, fear and confusion among investors, businessmen, politicians, bankers and bureaucrats. For those who follow the global economic outlook, it’s probably the single-most important focus in trying to solve the global financial crisis. And answers to the questions surrounding this country’s near-term future will undoubtedly have a momentous impact on your own financial future. It’s also the subject of our commentary today: The China outlook.
If you’re like me, you’ve followed the China musings of many analysts and commentators over the years and you’ve probably been perplexed at how there can be so much disparity among what these analysts are claiming about China’s financial and economic outlook. It would seem that the China observers are evenly divided into two camps: those embracing a bullish "the sky is the limit" outlook and those who say that China is merely a "paper tiger" just waiting to burn. Their statements are often diametrically opposed on the issues under discussion, leading one to ask, "How can so many China observers be so completely at odds with each other over a country so vast and important to the global economy?"