Arthur Kroeber, founder of Dragonomics (now part of Gavekal), is one the smartest observers of China’s economy, and this video debate only confirms that. Dr. Marc Faber, aka Dr. Doom, is one of the more vocal China Bears. Kroeber is not worried about excessive debt, infrastructure overbuilding, or overall housing demand. Maybe I just think he is so good because we agree.
FT Alphaville summarizes some of the high points:
A litte more cheekily, perhaps, came Kroeber’s low-key response to Faber’s typically bleak observation that China was an accident waiting to happen, amid huge over-capacity in infrastructure and property development.
“You have no idea how big China is,” Kroeber rejoindered.
The Reuters video is worth watching in its entirety.
Please tell me what you think in the comments.
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