Investors should diversify their investment portfolios and prepare themselves for market volatility due to expansionary monetary policies by global central banks and a possible economic crisis in China, says investment guru Marc Faber.
Mr Faber, speaking at an investment forum in Bangkok yesterday, said China could possibly see growth slow to just 4% this year, a far cry from estimates by most analysts. The Asian Development Bank earlier this week cut its own 2012 growth forecast for China to just 7.7% from 8.5% earlier.
But Mr Faber said China is currently facing both a credit and property bubble and that based on recent export figures, growth in the world's second-largest economy will likely be much lower than official figures.
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