OceanX radar: Doom & gloom at the IMF; China's new plan; Bought in the US of A
Here comes the rain again
A Hong Kong economist has predicted that China’s manufacturing industry will “completely collapse” as soon as 2015. Pointing to a lack of investment and overcapacity in production as two of the reasons, he also suggests the GDP figure of 9% is fabricated while officials are turning a blind eye to a disaster in the making. Not comfortable reading, but fascinating nevertheless.