Truthful information about China is about as hard to get by as a freshwater spa on the Moon. China is about as transparent as a 100-foot cinder block. I don’t know what those analysts base their predictions on but let me have a stab at it from my gut. I don’t buy the China growth story anymore. I have not bought it for years now. I think China is economically shrinking for real for many years now and that what we see is just the tip of an incredible iceberg. It will go down in time. Will it take us with it? It will hurt us real bad, but then again we can rebuild our mess. Can China?
China’s housing slump and electricity shortages dragged down economic growth last quarter, with signs there will be more pain to come as the country heads into winter and property curbs remain.