Monday, September 28, 2009

A bit of an asset bubble - William Overholt

上海证券大厦 Shanghai Stock Exchange BuildingShanghai Stock exchange via Wikipedia
In its effort to deal with an economic downturn, the massive capital injections into the Chinese economy have created an asset bubble, explaining past month's downturn at the Shanghai stock exchange, says iStockanalyst.com. They quote William Overholt, senior research fellow at Harvard University's Kennedy School of Government.
"The government did a great job of stabilizing the economy. In the process, it created a bit of an asset bubble," said William Overholt, senior research fellow at Harvard University's Kennedy School of Government...
"Investors don't want to be in the speculative Chinese stocks or speculative Chinese real estate. Because if they are, they'll get burned," said former investment banker Overholt.
Commercial
William Overholt is a speaker at the China Speakers Bureau. When you are interested in having him at your meeting or conference, do get in touch.
WilliamoverholtWilliam Overholt by Fantake via Flickr

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