CHINA : The Economic Slowdown Is More Pronounced Than Official Statistics Show

Marc Faber : All these indicators (electricity production to Macau gaming revenues and consumer spending habits to appliance and air-conditioning volumes) do not necessarily suggest that the Chinese economy is collapsing, but they reliably do suggest that the economic slowdown is more pronounced than official Chinese statistics would have you believe. In addition, these indicators do not imply that the Chinese stock market will decline further (but it could). Perhaps the weak performance since 2008 has already discounted much of the slowdown in economic growth. - in Market Shadows

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.