But need to acknowledge that even with the short comings, there is still a lot of money that can come here and will, even if it comes in unevenly.
A few billion here, a few billion there.
I remember going to Hong Kong in 1994 when they were saying Americans were coming late to the party, yes there was a downturn after that but the boom a few years later made it looks like a great time to invest.
If you have a long enough time horizon, even a pull back doesn’t need to hurt.[/quote]
That’s for sure. China is a developing country with a lot of developing yet to be done. Especially in its vast interior. When compared to developed economies, there is always more money to be made in developing economies, as a general rule. To suggest China is stagnating forever and growth is coming to an end would be foolish. Just demographically, China will become the largest country economically within a few more years. I have no doubt about that.
That said, the current trend suggests a crash. But they’ll bounce back, overall long term horizon is good.
Kinda like our Great Recession and crash 8 years ago. Everything pointed to an immediate crash, but long term prospectives on the US of A was good.
