2010-03-20 | Filed Under SteveG's Posts |
Follow this link to the article in The Christian Science Monitor.
The article explains the Chinese economic phenomenon in terms that I have not seen before.
In fact, China’s defiance of the global recession is not a miracle – it’s a superbubble. When it deflates, it will spell big trouble for all of us.
To understand the Chinese economy, consider three distinct periods:Late-stage growth obesity(the decade prior to 2008);You lie!(the time of the financial crisis); and finally,Steroids ’R’ Us(from the end of the financial crisis to today).