Concerns mount regarding Chinese economy
David Ignatius is one of the more balanced commentators you’ll find, so when he write a piece stressing “warning signs” in China, it’s worth a read.
The government in China is trying to address the staggering amount of corruption, yet this effort seems to be having a destabilizing effect. Also, there are tons of bad loans in China and what appears to be a massive real estate bubble.
All of this spells trouble, and recent real estate sell-offs and bond sale cancellations have observers worried.
