At the ‘Strategic Investment Conference 2016’ recently held in Dallas, geopolitical forecaster and strategist George Friedman said: ‘China is like Japan in 1989′. There are indeed many similarities between China today and Japan in the late 80’s, before Nippon went bust: a reliance on investment- and export-led growth; big current account surpluses; a real estate bubble (that led to highly indebted …
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Soros vs China
China just celebrated the ‘Year of the Monkey’. Officially the first three days of Chinese New Year (February 8–10, 2016) are statutory holiday. Chinese New Year’s Eve and three more days are always added to give seven consecutive days of holiday. But then, it’s back to business – and there is no celebration at all for the chinese. The stockmarket-crash or …
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