The House of Pain Economy & Stock Discussion Board

[ChrisJP]

The Wheels Are Coming Off China’s Economy

Gordon Chang, author of "The Coming Collapse of China" and a columnist at Forbes.com, has been sounding the alarm bells about China for years and backs up his prognosis with recent government data:

-electricity consumption is flat

-car sales - a bellwether for consumption - are flat

-property prices are collapsing - even in cities like Shanghai and Beijing

-industrial orders are down - especially those relating to the domestic economy

"If you look at all the indicators, they all point down," he says in the attached clip.

The most troubling trend has been the rapid decline in China's inflation - a positive sign for most countries but not for the world's second largest economy. Chinese consumer inflation fell to 4.2% in November from 5.5% in October.


http://finance.yahoo.com/blogs/daily-ticker/wheels-coming-off-china-economy-gordon-chang-132618523.html

Chris