Stratfor’s George Friedman Sees Trouble Ahead for China

January 25, 2011


George Friedman, chief of political intelligence firm Stratfor and author of “The Next Decade” talks about China.

    • China:
      • Export Margins of 1.7%
      • No longer a low wage economy with many others having cheaper wages
      • Lending spree is to cover up Non performing loans
      • Nearing the end of a cycle
      • Similar to Japan economically at the end of cycle
      • Unwarranted fears over Japan are similar to fears of China today
      • Biggest threat to Chinese economy is US savings rates, which will cut into exports and would lead to unemployment and social unrest

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