Will China’s economy meltdown sooner rather than later? An interesting bit of speculation from “China’s most successful doomsayer” over at Zero Hedge:
Though far from perfect, a lot of what he said here rings true, but the interesting insight is that he forecasts that the incoming regime will want to take its lumps early, in 2013, so as to minimize blame (“it was the old crew’s fault”) and maximize praise for subsequent recovery.
Read the whole thing. It comes down to real estate prices, which Beijing has been trying to cool down, but which are still in need of a major correction.