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Ace Investments Strategists chief trader Yu-Dee Chang weighs in on how culture impacts Chinese economic matters.
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I come back on Fox Business the talk about China a lot of people say they're worried about a hard landing and that economy and what it might -- to our us.
-- he checked out one of those people he's the chief trader dates investment.
Joins us now Juniata you've been talking to people inside and outside of China -- those on the outside are more worried than those on the inside is that the case yeah.
Actually -- case is -- to -- especially analysts off over your -- unites states here.
I would say for the past me about -- -- has been extremely.
Bearish.
-- -- enough I think by examining caller just the cold fact.
-- maybe shows that Chinese -- -- -- resold in doubt.
However if you look at in real terms and talking to people inside China -- the -- they say over there -- saying that you know I'm sorry I guess our golden.
-- is over were entering into our solar generous so they're not concerned at all they think the growth is going to be there -- -- another fifty years.
-- they'll take relative seven or 8% is still growth and strong growth.
At that idea let's explore this is a little bit further as a -- our economy what happens over there -- the last time you personally we're in China UD.
I was in China.
About a little less than a year ago at last analysts there was mail last year.
We're saying hey this is still gonna keep going what they were they weren't worried about a real estate bubble are looking all these high rises and saying this can't go on forever there was none of that.
Actually yes some are back to most you'll do recognize the fact that there might be I guess oversupply of housing there but.
-- get how -- how things is one thing I think about China's still different than the western world.
There's been many more things that they still need in addition to housing housing just a start right they need infrastructure they need sports complexes they need -- hospitals health care facilities they need recreational facilities there's a lot more.
A construction infrastructure that needs to go off.
In addition to just -- housing.
It myself soul and don't forget just over maybe a year ago the whole world's please was saying please slow down a little bit will be in China they wonderful -- soft landing and -- getting that 7% growth.
At alleviating some off the inflationary problems over there and also don't forget also that took care of some other currencies -- problem as well.
Asked the off there are trade surplus problem -- actually.
This so called slowdown is actually pretty good.
The answer from the people who still believe in a hard landing or collapse or whatever.
In China is that this 8% growth is nonsense and that the government makes up the figures -- this problem more like five or 6% of you say what to that.
-- you know what actually that is pretty much -- pulled back to that most you probably do.
Agree with that but whether it's gonna be 5% -- maybe is the lot of interest that is still remains to be seen so now the data there's not as accurate everybody knows that so the best way.
I still say it's for someone to actually go there and take a look where you with your lives of people are joking about safe the -- national -- of China these days is the -- of course because you can construction -- Everywhere in that country right so so if you see the way they they still law are hostile cost bad and and -- outside of the their own country that is so.
They can't don't forget also in -- like -- thing.
In addition to the official data there's also a so called underground economy that is really not reported at one not shell and that is a fairly.
-- -- The way they live over there.
Yes the growth no doubt has slowed down however it's not going to also call recessionary scenario look -- past recent narrow the growth still goes on there.
All right beauty could talk cut today and big deal for us potentially if it did slow down too much but.
Software -- -- you to check thanks for coming up.
