It’s fair to say that China has been riding on a wave of optimism in past decades. Unfortunately, that wave could soon hit a storm of monumental proportions. The country famed for its one child policy has seen sensational economic growth over past years, with growth even hitting 9.5% in 2011. However, growth slowed in the past year, prompting fresh concern over the future of the Asian superpower. The growth that so often fooled the Western world into adulating China has been founded on a gargantuan debt bubble, and when this bubble pops, there’ll be trouble. Continue reading “China’s chin is just above the water”
