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).