[quote=Eugene]Centrally planned bubbles can easily beat free-market bubbles. They tend to last longer, too.[/quote]
Uh, yeah, anyone remember the Soviet Union? That was a pretty big, long-lasting bubble.
China is NO different. If anyone wants to sit down and truly parse the data, they’ll see that, too. There are so many Sinophiles triumphing Pax Cathay, but they’ve forgotten the lessons of the USSR and, more recently, Japan, Inc.
