MARC FABER LTD

03 Oct

China Could Be Dragged Down by Wall Street Crash: William Pesek

Posted by cahn in Asia, Asia, Beijing, Bloomberg, Bloomberg L.P., China, China, Depression, Europe, Finance, finance, Hong Kong, Japan, LGT Group, LGT Group Foundation, MARC FABER LTD, Marc Faber Ltd., Michael Pettis, Mitsubishi UFJ Financial Group Inc., Mitsubishi UFJ Financial Group,Inc., Morgan Stanley, Peking University in Beijing, Simon Grose-Hodge, Singapore, South Korea, Taiwan, Thailand, Tokyo, United States, US, USD, Wall Street, Washington, William Pesek, wpesek@bloomberg.net

Commentary by William Pesek

Oct. 3 (Bloomberg) -- Few questions confound economists more: What might tip China into the meltdown that so many have feared for so many years?

Possibilities include overheating, social instability, corruption, pollution, debt crises, war over Taiwan and a post- Olympics growth swoon. It's a perfectly rational expectation. No rapidly industrializing nation has ever avoided some kind of crisis, least of all upstarts in Asia.