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IPFS News Link • China

Andy Xie: China Has Become A Giant Ponzi Scheme

08-04-2009 • Ritholtz.com/blog/

It was fueled by bank lending and inflation fear. I think that Chinese stocks and properties are 50-100% overvalued. The odds are that both will adjust in the fourth quarter.

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Reported By Jack Gregson

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Andy Xie: China Has Become A Giant Ponzi Scheme

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