What Olympic bubble? say the Chinese
Looks like the Chinese had put up this interview as a reply to all that talk about a post-Olympic China crash.
In the interview, Chinese economist Li Yining says strong domestic growth has ensured that China has a lot more good projects that need investment so all the talk about bubbles is just talk. He does not make any direct reference to the Chinese stock markets, nor does he directly comment on any of the problems being forecast about them.
While most of the article has a very “everything-is-fine-in-China-” feel, in response to the final question he does highlight these five problem areas as major obstacles to the country’s sustained economic growth:
- industrial monopolies
- slow transformation of the government’s functions
- slow growth of farmers’ income
- an insufficient supply of resources
- pressure on the environment
[...] of in response to Alan Greenspan’s comment) about the possibility of a post-olympic crash in this post I made earlier. Possibly related posts: (automatically generated)The new tech bubble — hiding [...]
Seeking Alpha post on the Chinese Olympic Bubble « the_unlettered_tellurian
August 11, 2008 at 6:21 pm