Marc Faber : China Economy to Slow Considerably

Wednesday, August 15, 2012

Marc Faber : China Economy to Slow Considerably

“The growth rate we had in the last 10 years, which was around 10 percent annually, is going to slow down considerably,” “I would rather wait to buy Chinese stocks until we see the result of the stimulus packages.” Marc Faber told Tom Keene and Ken Prewitt in a “Bloomberg Surveillance” radio interview yesterday. - in Bloomberg Radio Interview
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Dr. Marc Faber Tomorrow's Gold

Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager.