More realistic rate growth for Chinese economy is 4%, he doesn't believes in official statistics.
Investors's have already discounted this growth, China's stock market has had a worse performance relative to other markets since year 2006.
There has been a huge increase in the amount of debt relative to GDP in the Chinese economy since 2008. This colossal debt is in the order of five trillion dollars.
If the China's economic crisis unwinds there could be a disaster in the world economy.
Investors don't realise, how important China's economy is for other emerging market economies.
Industrial commodities have already gone down, but prices could face additional downward pressure.
This downward spiral will affect exports and bite with ripple effects on the growth rate of emerging market economies and global growth.
Investors's have already discounted this growth, China's stock market has had a worse performance relative to other markets since year 2006.
There has been a huge increase in the amount of debt relative to GDP in the Chinese economy since 2008. This colossal debt is in the order of five trillion dollars.
If the China's economic crisis unwinds there could be a disaster in the world economy.
Investors don't realise, how important China's economy is for other emerging market economies.
Industrial commodities have already gone down, but prices could face additional downward pressure.
This downward spiral will affect exports and bite with ripple effects on the growth rate of emerging market economies and global growth.
