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IPFS News Link • China

Top global analyst sees major slowing and collapse of Chinese economy

12-02-2011 • Terrence Aym

Marc Faber, a top global analyst, sees the fleeing investors as just one of the signs China may be about to face bigger economic trouble than those currently plaguing Europe. Concerning the Asian giant, the savvy money man emphasized during a recent King World News interview that, "There’s a huge capital flight, there’s no question about this.” He attributes China's problem to an over dependence on capital spending. Placing so much weight on that, Faber says, exacerbates the weight of that approach and magnifies the volatility creating a strong multiplier effect on the economy. When economies go negative the multiplier effect is a handicap and pulls them into crashes.

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Reported By Terrence Aym

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