China credit bubble dangerous

In the last 20 years China has made huge progress, huge economic development, but I equally feel post crisis in 2008 there were massive monetary and stimulus that has led to a huge credit bubble. I think that credit bubble is rather dangerous. I do not believe the current Chinese economy is growing at 7 or 8 percent but rather like 4% or even less. The credit bubble will come undue sooner or later.

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