Wall Street’s rosy talk on China’s economy a charade
Analysts’ forecasts are now even more optimistic about China’s economy than Beijing’s unreachable growth target, leading to major losses for investors.
Something is rotten in the Chinese economy, but don’t expect Wall Street analysts to tell you about it.
There has never been a bigger disconnect, in my experience, between some of the rosier investment bank views on China and the dim reality on the ground.
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Financial Times
Ruchir Sharma is a writer and investor, and the author of four books, including most recently "The 10 Rules of Successful Nations". He is chairman of Rockefeller International.
