Bears are circling bulls in the China shop

China bears will likely be waiting for the nation’s ‘Lehman moment’ for some time, but that doesn't mean there aren't deep problems brewing.

As long as the Chinese economy continues to outgrow its fully industrialised counterparts, the debate between China bulls and bears will rage on. In my view, they both are right and wrong. But I’m not sitting on the fence because there is some nuance required here. Here’s why bulls don’t know why they’re right, and bears don’t know why they’re wrong. 

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