Lager uppbyggnad håller BNP uppe i Kina precis som i USA. Någon gång måste dessa lager reas ut med lägre BNP siffror än vad marknaden förväntar sig.
Forget the false GDP numbers out today showing just a 0.1 per cent slowdown in Chinese GDP growth, and look instead at the burgeoning inventories across the nation that tell the true story of a boom gone bust. Don’t forget the stock market crash this summer and sudden devaluation of the yuan. This is an economic nightmare that will now take years to shake off, and is far from over.
Both China’s manufacturing and real estate sectors are suffering from excessively high inventory. CNBC’s Eunice Yoon has more…
