BofA: Chinese credit crunch highly probable

My favorite comment from that article is this, below:


The most salient sentence herein:


“. . .China has great economic depth and is likely to muddle through without too much trauma.”


There is much state of the art capacity for just about any industry you choose in China; investment in infrastructure of astonishing depth. They’ll muddle on through just fine, particularly compared to the Russian, Greek, and other kleptocrats that have essentially squandered opportunities to invest in any future.


***Bank of America has predicted 12 of the last zero collapses of the Chinese economy ***

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