China Economy at Risk of ‘Hard Landing’ After 2013

SS says

He is in line with EWI , Harry Dent and also Shilling

It is also being confirmed by the Skyscrapers Curse.

China will be a very bad shape by 2015 or so.

http://www.bloomberg.com/news/2011-06-11/china-economy-at-risk-of-hard-landing-after-2013-nouriel-roubini-says.html

“China is now relying increasingly not just on net exports but on fixed investment” which has climbed to about 50 percent of gross domestic product, Roubini said in Singapore yesterday.“Down the line, you are going to have two problems: a massive non-performing loan problem in the banking system and a massive amount of overcapacity is going to lead to a hard landing.”

The nation faces a 60 percent chance of a banking crisis by mid-2013 in the aftermath of record lending and surging property prices, according to Fitch Ratings. Loans worth $2.7 trillion were extended over two years, pushing property prices in China to all-time highs even as authorities set price ceilings, demanded higher deposits and limited second-home purchases.

After next year, the bigger challenge is “to reduce fixed investment and savings and increase consumption. Otherwise after 2013, there will be a hard landing,” he said.