Faber's epic China bubble amid industry slump shows up in charts

HONG KONG: Marc Faber’s advice that investors should pay attention to China’s “epic” debt bubble and its manufacturing slump is borne out in charts that show a surge in troubled commodity and industrial companies.

“What we have had in China, and this investors should realise, is a credit bubble of epic proportions,” Marc Faber, publisher of the Gloom, Boom and Doom report, said in an interview with Bloomberg TV. “You can have growth in some sectors of the economy - I have no doubt some service sectors are growing - but other very important sectors like industrial production aren’t growing at the present time.”