“It won’t be long now,” said the butcher as he dropped a meat cleaver into his lap. Communist “managed” capitalism is a delusion as well as a double oxymoron. To those doing business or investing in China, enjoy it while it lasts, but it might be wise to hedge one’s bets on China’s future and place stop-loss orders, which might be useless if the Shanghai and/or Shenzhen stock exchanges should ever suspend trading.

Sidenote to garlic:
Lewrockwell.com has articles on the wonders of allicin/garlic: https://duckduckgo.com/?q=site%3Alewrockwell.com+garlic

Governments don’t like to cut spending, especially when it “brings about the risk of a recession”. No, what will happen is precisely the opposite: the government will increase spending, until the bubble goes boooom. Then the government will spend some more trying to save the big companies and avoid mass bankrupcy. And then everyone will be poorer.

http://laowaiblog.com/china-real-estate-bubble/

“Last year, 55 percent of GDP was contributed by infrastructure investment — in other words bank lending,” said Carl Waters, an American investment banker until recently based in China and co-author of “Red Capitalism.” “If you keeping making bad loans that don’t pay back, you’re going to run out of money sooner or later.”