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I think that in some ways China's economic position today is similar to Japan's situation in 1989; the Japanese poured a lot of cash into US assets(particularly real estate) that turned out to be real loser investments. It is certainly possible that we could see a repeat of this with the Chinese. I have posted some further thoughts on this here...
I think that in some ways China's economic position today is similar to Japan's situation in 1989; the Japanese poured a lot of cash into US assets(particularly real estate) that turned out to be real loser investments. It is certainly possible that we could see a repeat of this with the Chinese. I have posted some further thoughts on this here...
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