Originally Posted by
Dr_Who
Hey Ananda.
Some of the points the commentators and economist make are valid and I dont disagree with them. I too believe that the next crash will come from China, so keep a close eye on China. China is going down the same path as the SE Asians in 1997 and the West recently 2007 crash. China still have a few more years to run before we have concerns about a fall.
I believe that China do have a few more years to run as their economy is still growing at lighting speed. Their debt level is very low and the average Chinese are still saving more than they earn. The domestic debt level in China are still low in comparison to the other countries.
I hope China dont get themselves into trouble by mounting up huge debt levels and learn from the mistakes displayed by US. If China goes down the toilet, the world will go into a deep depression.
For now we are still relatively safe with the Chinese economy strong and going on a spending spree that will have a very positive flow on effect for its neighbours. Aust will still be in a recession if it wasnt for China.