Marc Faber was asked by Bloomberg what the economy of China will be one year from now. He answered that China one year from now will be in a recession, although it could be a ‘technical recession’. What he means by a “technical recession” was a decrease in economic growth rate. Within one year he also sees a boom everwhere among the wealthy. You would not see it among the middle class and the poor but luxury will be everywhere among the really wealthy ones.

More on Bloomberg, Marc Faber explains how China may collapse within 12 months.

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