Wednesday, October 24, 2007

More on the Paper Dragon

Warren Buffet has weighed in on the China question.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aN1r0DNbIpu0&refer=home

An economy based on defacto central planning and cronyism cannot enjoy double digit GDP growth forever.

It would better serve an investor to think about the ramifications to global asset prices WHEN China's stock markets "correct" than to think about investing in Chinese companies.

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