investorpolitico

Apart the latest raft of bad news on “bad loan” in China (everybody knows that anyway), China in November will held the I 18th CCP Central Committee where the main focus will be the liberalization of the financial system (gradual as usual) – it is expected that they also  will make it easier for wealthy Chinese to invest abroad…this could be a huge amount of money (the Chinese savings stands at USD 4.2 trillion – double the US savings) if you think how many rich Chinese kids are already studying abroad – it actually could be the spark that ignite the “blow off top”.