Canadian Investment Review

Why China’s in an Asset Bubble

Written by Caroline Cakebread on Tuesday, March 30th, 2010 at 8:00 am

1221541_44746941China is in the midst of an asset bubble according to Edward Harrison from Global Macro Advisors. He takes aim at the top three excuses being made by experts for why China isn’t in bubble state. The three points he takes issue with are:

1. China’s asset price rises are not underpinned by debt;

2. China has a huge cache of reserves;

3. Chinese policymakers are clairvoyant.

The full post is here.

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