Sword Of The Lord With Electronic Edge

Monday, May 30, 2011

More Empty Cities In China

This is a city built for a million people - but no one lives here | Mail Online: "Modern China is like a great freight train storming up a long, steep slope with no summit in sight, all its locomotives straining. It cannot slow or stop. The brakes would never hold. If it pauses for a second, it will start to roll back towards disaster. The whole world would be shaken by the crash that followed.

So there is no joy in asking if China has outgrown its strength after ten years of blazing, enthralling growth. But it may have done so. The hedge-fund managers, those canny vultures of finance, are beginning to circle slowly, high overhead. They are starting to bet on the bursting of the Chinese bubble. These people did not become very rich indeed by guessing wrong."

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