- Richard Vague: Chinese economy continues to show signs of weakness
- China's businesses have been on a borrowing and building binge, he says
Richard Vague is a managing partner with Gabriel Investments and the author of "The Next Economic Disaster." The views expressed are his own.
(CNN)China's markets are tumbling again as its economy continues to show signs of weakness. And while China's government will intervene strenuously to reverse this, the unavoidable truth is that the country's economic growth will continue to decelerate from its current 7% to a significantly lower growth rate -- perhaps near zero. Indeed, it could come to look very much like the kind of near-zero growth that Japan has been experiencing since the 1990s.