The Chinese economy is going to slow down regardless. It is more likely that we will even have a crash sometime in the next nine to 12 months.
The article goes on to cite earlier gloomy China forecasts by hedge fund manager Jim Chanos and Harvard University’s Kenneth Rogoff. The equities market in China has been affected too:
Industrial & Commercial Bank of China Ltd., China Construction Bank Corp. and Bank of China Ltd, the nation’s three largest banks, are trading near their lowest valuations on record as rising profits are eclipsed by concern bad loans will increase.
