The bleak scenario: falling trade, manufactering, consumer markets - a podcast

Stock markets worldwide keep on dropping and the effects of the global crisis are stilling heading for China. William Bao Bean of Softbank's China&India holdings discusses with China Speakers Bureau's principal Fons Tuinstra the possible fallout of the global financial shake-up on China. The worst disaster: trade stalls even more than it did over the past few months, more high-end companies might be following the closure of the low-end manufacterers in Guangdong and Zhejiang. Then, the consumer markets might follow.
Banks, real estate and other markets face also problems in China, but they are very different from the credit crisis in the US. And in his market, after the upcoming bloodshed, internet companies might actually profit form the current crisis in two, three years time.
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