Does It Make Sense to Be Bearish on China?

Econ Grapher submits:

The China bear story is overdone. Through most of this year and much of last year, it has been popular to write stories about how Chinas real estate market is about to crash, and how theres countless ghost cities, and how it will be such a struggle for China to shift to a domestic demand-led economy. Sure, there have been some interesting signals and data emerging, but in all, concerns about an imminent market crash are likely premature.

Is property really the Achilles heel that everyone makes it out to be?

I would guess that most of the people writing the most doom and gloom-filled articles on China have never been there. I traveled to China again early this year, and though I did see construction on a scale I could hardly imagine (coming from a small developed economy), I also saw a bustling economy. I counted about 13-odd cranes


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