OUTLOOK 2014 - Beijing Crazy For Bitcoin, China To Lag Behind US: Chang

Kitco News introduces its first interview of the Outlook 2014 series with Gordon Chang, author of The Coming Collapse of China. Chang talks about the Chinese and US economies as well as gold for the coming year. “I think the U.S. is a stable economy and I think it will continue to do well over the coming near term,” Chang says. In contrast, Chang says the Chinese economy has a real problem in the sense that independent data, such as employment numbers and corporate results, may suggest the economy is stagnating. “I I don’t think China is actually contracting but nonetheless it’s not growing at the rate that the National Bureau of Statistics claims,” he adds. Chang also chimes in on the bitcoin craze in Beijing and says he was surprised when the Bank of China announced on Thursday that is prohibiting banks from handling bitcoin transactions. “I still think it will be a good story in 2014 because the Chinese people love this currency,” he says. With regards to gold, Chang says the tensions in the East China Sea will eventually be positive for the metals. “I’m a gold bull for 2014.” Watch now to see which economy he thinks will triumph in the coming year and what he thinks of Chinese gold demand. Kitco News, December 6, 2013. (show less)

Kitco News introduces its first interview of the Outlook 2014 series with Gordon Chang, author of The Coming Collapse of China. Chang talks about the Chinese and US economies as well as gold for the coming year. “I think the U.S. is a stable economy and I think it will continue to do well over the coming near term,” Chang says. In contrast, Chang says the Chinese economy has a real problem in the sense that independent data, such as employment numbers and corporate ... (read more)

On The Spot

On The Spot
Editor-in-Chief Daniela Cambone puts some of the A-list names in the commodities space 'on the spot'. From key political & economic leaders to metal market opponents, she has guests from all over the globe answer some of the most challenging questions surrounding the resource industry. Tune in to hear what the elite have to say about the hottest topics in the industry.

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