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At Least This Guy is Straight on China

I just had a friend come back from China who says there is a lot
of empty buildings in China among other non-utilized infrastructure. 
So why the hype on China?
I like what this guy has to say about China because it is the truth.
Richard Berstein of Richard Berstein Capital Markets says this:

"You should be worried about the China story. That is a monster credit bubble and the government has just in the last month said they would start tightening credit. The stock market immediately sold off," he said."The notion that China is leading the world is, I think, is full of hype. They are building capacity but they are not consumers. If you are not a consumer, how can you lead the world. They're just building more and more capacity,".