Quando a China Vai Quebrar?

Vaso ruim não quebra... peraí, a China vai quebrar, sim. Não apenas por causa de seu setor público inchado, incompetente, corrupto, informe e parasita, pelo seu investimento em infra-estrutura sem pé nem cabeça, como a idéia idiota de substituir a enorme rede ferroviária pelo seu trem bala deficitário, com tecnologia mal copiada [e roubada] do exterior; e finalmente por causa de sua bolha imobiliária gigantesca.
China is on a treadmill of unsustainable development which it knows not how to get off without damaging growth and thereby provoking political and social instability. Residential and commercial property development in China is such a big component of overall growth that anything that damages the property market threatens to upset the entire apple cart.
According to the most recent International Monetary Fund staff report on China, the property market directly makes up some 12pc of the country's GDP. Indirectly, it is a lot more, as the property market is highly connected to the output of basic industries such as steel and cement, as well as downstream industries such domestic appliances and other consumer durables.