From U.S. Newswire: :
China’s furious economic growth in recent years has created a bubble economy that is on the verge of collapse, according to Strategic Forecasting Inc. (STRATFOR), a leading private intelligence service.
In its latest Decade Forecast report, STRATFOR says China’s economy is already on life support – with an estimated $500 billion in bad debts threatening its banking system, rapidly rising unemployment, rampant government corruption and mismanagement, and foreign investment dwindling.
In The McKinsey Quarterly, 2005 Number issue, there is an article called How to fix China’s banking system. Daniel R. Joseph also had a piece called The Coming China Crisis: Fact or Fiction? in International Business.
