Market Currents
Don't expect China to ride to the world's economic rescue, and don't expect its booming growth...
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Friday, November 18, 2011, 5:55 PM ETDon't expect China to ride to the world's economic rescue, and don't expect its booming growth to continue, Gordon Chang warns in predicting a "hard landing" coming for China. Bubbles created by excessive government stimulus have not been addressed, and transitions inside the political system are making it less likely they will be before market forces intervene.
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If you keep saying someone "will die today" everyday for 200 years, one day you will be right. And, judging by continued interest and intrigue in Gordon Chang today, the world will come congratulate you on your day of vindication.