Renowned Harvard economics professor: hard landing is inevitable for China's economy

Well no one is saying there isn't money to be made now, and for sure there is growth and stocks are good, but the reason everyone says the crash will happen, and the reason the crash or slowdown WILL happen is simply math. If you take a look at the numbers, the debt pile up, the growth, the way they're lending. Anyone with half a brain can see the missing track ahead. Now we've been on this train a long time and it's still going is just not a very good investment plan. Buying stocks this close to the fire will eventually get you burnt. Are you aware that this country has some specific stats that people have looked at and said "every other country with this has crashed"?It's not most, it's every, single, one. To see the problem and think that it can be magically solved is childish, you're just as bad as the random people on the street, the skies falling but you haven't looked up yet. The way they handle debt and the way they keep pushing the problem a bit forward. It's truly going to be a titanic fall, if you really don't know why I could explain very simply to you why it will happen. But if you are aware why, and the stats and you believe it won't happen I am happy to hear why.

/r/China Thread Parent Link - telegraph.co.uk