Big Trouble in Little China

Big Trouble in Little China
A worker cleans the promenade in Shanghai on July 24, 2014. Johannes Eisele/AFP/Getty Images
Valentin Schmid
Updated:

China is a country of extremes, especially regarding economic forecasts. There are those who think “China will take over the world” with its technocratic central planning. Then there are those who say its debt bubble is so gigantic, the economy will crash and burn.

The truth probably lies somewhere in the middle. And it looks like we are getting closer to knowing the truth.

Valentin Schmid
Valentin Schmid
Author
Valentin Schmid is a former business editor for the Epoch Times. His areas of expertise include global macroeconomic trends and financial markets, China, and Bitcoin. Before joining the paper in 2012, he worked as a portfolio manager for BNP Paribas in Amsterdam, London, Paris, and Hong Kong.
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