Slower Growth of Not, Investors Shun China at Own Risk

CNBC: In spite of slowing growth and the looming possibility of a crash, investors can't still afford to ignore China completely, argues a recent article on CNBC.

Karl Schamotta, Senior Market Strategist at Western Union Business Solutions, is one of a panel of finance experts to comment for the story.

CNBC:

Like most people in finance, Karl Schamotta has heard the stories about Chinese ghost cities — vast condominium complexes built during the country's investment boom but barely lived in.
 
"A client who runs a large retail chain was there recently," said Schamotta, who helps corporate clients manage currency risk at Western Union Business Solutions. "One night he looked out his hotel room window and saw a landscape filled with condos but only two lights on. It was 9 at night."

For many, such anecdotes are signs China's government-directed investment and credit booms have gone too far and that much slower growth or even a property crash awaits the world's No. 2 economy.

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