Waves of civil unrest and protest are growing in China today, as in so many other parts of the world. Apparently Chinese people too are fed up with corruption and theft by some elites at the expense of the masses. The BBC has been doing some good reporting on recent uprisings.
In the below CNBC interview, Gordon Chang, Author of “The Coming Collapse of China” talks about why he is skeptical about China’s growth and says its rising export numbers do not make sense. Here is the direct link. The Chinese downturn story is likely to be another negative catalyst for still over-priced stock markets moving into 2012.