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Thursday, January 5, 2012
The Chinese economy is not just real estate and real estate speculation it is much broader than that
Jim Rogers : I do not know if it is a soft-landing. Some parts of the Chinese economy are going to collapse. China has been doing its best to cool off the real estate bubble and they are starting to work. So I suspect some parts are going to have a very hard landing. Other parts of the Chinese economy are going to boom. But when people do slowdown there will be some hard landing in some sectors. Of course this will affect the demand for everything especially copper, cement, and things like that. So I would certainly see a slowdown in China’s demand for building material; things which go into building infrastructure. But that is not the end of the Chinese economy. The economy is not like the one in America and the UK when essentially it was wrapped up in real estate and real estate speculation. The Chinese economy is much broader than that. - in ET Now
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China can very well absorb the boom in the property market. I will tell you some of my impressions, however. And I'll start with the primary question. How real is its economic growth?
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