Marc Faber: China’s numbers are fake

Late last year, I anticipated that the global slowdown would bring China’s GDP growth down to 2%, a level that would make most nations envious but which would have been catastrophic for China.  In the end, robust government stimulus has saved the day, as spending for infrastructure, commodities, and property has soared.  The 8% growth target seems likely to be met. However, the malinvestment from excess lending has made China’s growth dynamic appear incredibly unbalanced as even China...

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