He estimates that when all sectors in China are averaged out, the country is likely growing at 2-3% per year - a far cry from the 8% that is being reported.
Furthermore, he comments that China has an overinvestment bubble, which is not fixed by adding more stimulus.
I'd be a bit careful about China, he says.
I love the Morgan Stanley analyst who comes on after Faber and says he is turning wildly bullish on China based on more aggressive earnings growth estimates...I wanna smoke the green shoots he's having!
Here's Faber's full interview on CNBC:
Related reading: How the Chinese Government Goosed Intel's Results