I wrote here about a month ago that China would not see a soft landing but that because there were such pronounced bubbles within its economy it would suffer a pretty hard landing indeed during 2012. Some folks pooh-poohed the piece arguing about demographics, work ethic, the ability of the central bank to cushion the blow, blah blah blah. Well today comes a little more evidence – if you needed it – that I am anything but wrong.
on ADVFN | Comments