Submitted by chinastock on Thu, 02/04/2010 - 04:24
Posted in
Shaun Rein of the China Market Research Group submits:
This column originally appeared in Forbes
Debate continues about whether China can continue to pull the world out of its economic slump. Famous short-seller Jim Chanos continues to argue on Bloomberg TV and CNBC's Squawk Box that China's economic growth is illusory, a bubble ready to blow up a thousand times worse than Dubai's. He believes China's economic numbers are all fudged, the way the Soviet Union's were under Josef Stalin, to conceal true weakness. I wrote in