The investment guru who runs the world’s biggest bond fund at Pimco, Bill Gross, says a speculative bubble is emerging in China.
Real economic growth there is still constrained by limited consumer demand from the United States and other trading partners
Gross told Bloomberg News that the Chinese will have “a bubble of their own” to confront shortly.
“It’s gearing up for export that doesn’t find an end consumer, that’s the real problem in China.” (more)
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