China's economy is growing at 2 percent, not the 7.8 percent its government claims, says economist Marc Faber, publisher of the Gloom, Boom and Doom report.
“The Chinese government is one of the few governments in the world that knows its GDP numbers three years in advance,” Faber told CNBC.
“I’d be a bit careful about China.”
A growing number of investors turned bullish on China after its markets began to rise last March, Faber notes, adding that it’s possible Chinese markets will continue to rise for a while. (more)
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