China and India experiencing colling economies
Preeti Singhani
Sep. 12, 2006

Though consumers in China and India are eager to spend as much as they can with their newly acquired ''credit cards'', the investments on the fixed assets are slowing very fast.

China has taken fiscal measures to boost its currencies and slow the econmy down from industrial capacity utilization perspective. Fixed asset investments are lagging heavily.

The bigger problem in China and India is the credit-novice consumer getting into debt levels that they cannot manage. While the situation is slightly better in China, the problem is real bad in India.

The real estate bubble has just started collapsing. The fireign banks have lent enormous amount of cash with a hope to make big profit in Indian real estate market. The international banks are in for their worst nightmare as Indian young elite middleclass couples abadon their newly acquired apartment in zillion upcoming multistoried buildings and move back with their parents.

If India and China - bubble really collapse, both the countries can plunge into a self-fueling deflation driven depression.

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