And out come the wolves bears. After bearish forecasts on China’s economy from CLSA, Morgan Stanley, and others - Tim Condon of ING Bank has joined the bears. Maybe…
China Digital Times linked to a Bloomberg item in the Financial Express of India, with the quote on the CDT site from Condon and the headline at CDT reading "Bloomberg: Boom time over for China!"
I expect that the headline was simply rewritten by an over-zealous editor in India and that the actual line from Bloomberg was more similar to this item: "China Drew 0.8% Less Foreign Investment 1st 5 Months," So, attributing the headline to "Bloomberg" is likely wrong.
Still, it sounds better than "India Financial Express Subeditor: Boom times are over for China."
That said, the boom is probably over. I know this because I’m here!
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Mao: The Unknown Story - by Jung Chang and Jon Halliday:
A controversial and damning biography of the Helmsman.
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June 15th, 2005 at 11:43 am
I hate chinese dictators.