Stock market expert Faber warns of Chinese stocks
" The good companies are not cheap, and the bad ones are so bad that I do not want it ," says the well-known Swiss stock market expert Marc Faber . What opportunities China offers investors yet . "I do not particularly like Chinese companies . The good companies are not cheap, and the bad ones are so bad that I do not want it , " Faber said in an interview . " Who wants to take advantage of China, the best buys are shares from Hong Kong. Moreover, shares of casinos in Macau are interesting . If China does not suddenly legalized gambling on the mainland, the growth is expected to continue there. " In addition, Faber does not believe the official statistics, China growth . Thus, the alleged growth of seven percent this year is much too high. " Four percent at most ! " Said Faber Growth was . Bloated. " In recent years, China has extremely extended the credit amount . Growth with much money you can always blow up . "
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
