Marc Faber The opening of the World Expo in Shanghai is not a particularly good omen for China

Marc Faber said. The opening of the World Expo in Shanghai last week is “not a particularly good omen”, giving the example of the property bust and depression that followed the 1873 World Exhibition in Vienna.

“The market is telling you that something is not quite right,” Faber, the publisher of the Gloom, Boom & Doom report, said in a Bloomberg Television interview in Hong Kong on Monday.

“The Chinese economy is going to slow down regardless. It is more likely that we will even have a crash sometime in the next nine to 12 months.”