This is not the first article or expert I have seen/heard say the same thing. they pretty much say that because china emerged from the 'recession' quickly, it appears on the surface that it is a booming economy, however, it could go south fairly quickly. I think i read maybe in forbes(cant remember) that they compared it to japan. how at one point japan appeared to be the place to be, but then it failed.
interesting article.
I agree. I remember reading a book that had this as its central theme. I think they are masking a little on what's going on in China. My pops owns properties over there and visits often, he told me that they have been building a mass amount of properties over there for sky high prices, yet no one has the type of money to afford them, his and other's profits comes from pure real estate speculation and goverment purchases (of real estate).
I doubt there will be a tremendous boom in the actual household economies, if anything the wealthy Chinese will become wealthier (a mysterious increase from 28 to 64 billionaires happened in 2010) , when I think of booming economy, I think of standard of living. We'll see though.
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