Gordon Chang: China Headed for Crash in 6 Months . 'The Coming Collapse of China ' author Gordon Chang gives his outlook for China's economy.
China must go for fundamental economic reforms. The country should move away from its investment-led model to a consumption-based one, says lawyer and author Gordon Chang, who in 2001 predicted the collapse of Chinese Communist Party within a decade. I haven't read his book, but I know people make fun of his predictions. Whatever he said, I personally think China will collapse. If it hasn't, it doesn't mean it won't. No one thought Japan's economy would collapse in the late 80s. China's bubble already is worse than Japan's in those days.
3 years ago