There is no question that there is now debt in China. In 2008 whn the world had a problem, China could help bail us out because they had gigantic money saved for a rainy day and they spent some of that money. America spent a lot of money but we did not have any money saved up, we just printed it and borrowed it. Yes, there is a difference in the world between 2016 and 2008, is that China does have debt now but nothing like America, Britain or Portugal or some other countries in the world.
You are going to have bankrupcies in China, at least I hope we are going to have bankruptcies in Chin, I hope that the Government lets them go bankrupt and that is going to scare a lot of people and de disruptive. (iShares FTSE/Xinhua China 25 Index ETF (FXI), iShares MSCI Emerging Markets Index ETF (EEM))
Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.