Jeremy Grantham said there is a 25 percent chance that China will “stumble” by next year over imbalances such as too much capital spending, an overheating real estate market or accelerating inflation.
“You could have a financial stumble, a housing stumble, a stumble from rebalancing of capital spending, or any combination thereof,” Grantham, chief investment officer of Grantham Mayo Van Otterloo & Co., said in an April 26 interview in Boston.
Thursday, April 28, 2011
Grantham: 25% Chance China Will Stumble by Next Year
China Stocks Drop for 5th Day, Post 2011’s Longest Losing Streak