Reality Check: How Fast is China Growing? Global Recession at Hand
MishTalk
MARCH 12, 2015
Massive overcapacity in petrochemicals, construction machinery, steel, cement, aluminum, SOEs. Orange and lemon groves turn to useless, vacant housing Property 20% of GDP and tracking negative (sales and pricing). Yang does not believe China is growing at all, a downward assessment from her December 6, 2014 interview in Barron''s.
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