the usa's debt dwarfs china's debt ..., page-53

ok folks, say you are right, that the Chinese economy is a bubble, a big bubble. Now tell me, when is it going to go bust? next year? in three years? 5 years? What if everybody agrees it's a bubble waiting to burst yet it just goes on and on, say for another 10 years? Are we talking about the economy, the country as a whole? or are we talking about the share market and the property market??

What I would say is this: the share market in China may not do much this year, and the property market in China should drop, say 10%.

There will not be a banking crisis, the economy will keep growing supported by expanding domestic economy and a stable export sector. The Australian resource sector will continue to be supported by Chinese demand, the Asian economies that have established close ties to China will do just fine.