China’s acting like a liability. Not only a slowing economy, it is a power transition year. Only happens once every decade, so a pretty big deal and recently we’re seeing political hiccups. As if China doesn't already have enough issues. Sucks that suddenly everyone's a political expert, spewing about the recently ousted Bo Xi Lai. ONLY POSITIVE spin to the current economic/political confusion is that the government may introduce measures to help the economy and ease the transition.
Great article here on the challenges and opportunities China faces. Again I’m an optimist and I side with the author Martin Wolf’s thesis that China’s serious about getting it right. In the meantime, I don't expect an easy time. Glad that I can focus my energy on the things that are working well in the US. I'm still really excited about US banks and luxury consumption stocks. And of course US real estate... Dream apartment for this week.
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