Wednesday, July 16, 2014

Marc Faber is feeling conservative on China, India growth for now

We have to be very careful with the data that is published by governments. I do not think that the Chinese economy is accelerating on the upside.

Trend wise, Chinese growth will slow down from, say, around 10% annually in the last 10 years or so to a range of, say, 4% to 6% annually, but you have two huge countries -- China and India.

Some sectors of the economy may grow and some companies may grow, but in general trend wise, both in India and in China, we will have slower growth in the next 10 years than we have had in the past. If India can grow at 5-6% per annum, it will be very lucky.