Slowly but surely we are beginning to see signs of systemic irregularities and weakness in the Chinese economy. Kristine Li, senior director of credit strategy, Asia Pacific at RBS says the banking system is beginning to resemble the Japanese banking system when it was highly leveraged. This ponzi finance where the government perpetually builds things just for the sake of building things and maintaining a GDP target is slowly starting to show signs of strain.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.