Ponzi in Peking  

Oleh:

Epstein, Gady

Jenis: Article from Bulletin/Magazine
Dalam koleksi: Forbes Asia vol. 6 no. 1 (Jan. 2010), page 54-55.
Topik: China; Economy; Debt; Ponzi Scheme; Stock Market; Property Market

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: FF5.1 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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China's economy is humming along in high gear, thanks to a fast-growing pile of dicey debt. Such booms tend to end badly. As developed nations struggle to eke out a bit of growth and to get unemployment rates out of double digits, Chinese output gallops ahead at an 8% annual rate. This $4.7 trillion economy, it seems, is the world's dynamo and the prototype for the future. Take a close look, however, and you may come away thinking China resembles nothing so much as Japan shortly before its stock and property markets melted down two decades ago. A speculative frenzy of borrowing and bidding-up is at work. If and when prices crash, there wiill be hell to pay.

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