George Magnus, Formerly UBS: "Among many things that worry me, the most urgent issue is if, how and under what circumstances China will tame credit creation and put a troublesome genie back in the bottle. We've had a few trust loan defaults that haven't caused a big stir yet, but there have been a couple of depositor bail outs that don't point to a determined attempt to curb the excess yet.
"There's a tension between the PBoC and the China Banking regulatory Commission over shadow banking restraint. I expect credit to slow and to lead to slower growth. I worry that the authorities will try to soft pedal this, leading to a bigger denouement later."
Jim Rogers, Rogers Holdings: "The high levels of debt in some areas. Some of the provinces and companies have built up debt in recent years during the recovery, since there has been so very much artificial liquidity all over the world. All the money printing in the developed world is causing distortions everywhere including China."
Tom Orlik, Bloomberg: "The biggest worry about China this year is the state of the financial system. Massive credit growth has left banks overexposed, and as the economy slows the cracks are starting to show."
Bill Bishop, Sinocism: "A. Environmental crises: air, water, soil, food. There are and will continue to be huge opportunities for investors and companies in cleaning up the mess, but the human toll is massive and will get worse before it gets better. It could lead to significant unrest but more likely will lead to cancer epidemics and emigration by those who can afford to;
【7位专家谈他们对中国经济的忧虑】相关文章:
★ 中国哲学的起源
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