I wouldn't say that it is impossible. The tendency is though to double or triple count negative things. Chinese economy has lots of inefficiencies. Very true. T

I wouldn't say that it is impossible. The tendency is though to double or triple count negative things. Chinese economy has lots of inefficiencies. Very true. That is reflected in the low per capita income. People could live a higher standard of living given the amount of effort they put in if the system were more efficient. People's lives are a lot less free. Capital control for example. Bitcoin was okay and then it is not. Inefficiencies in the economy can brake contagions though. What is negative in one aspect can be a saving grace in another. Check out how coal price behaved. The party wanted to shut down capacity and they did. Even as coal demand dropped the price shot back up. Difference between coal and oil? Coal is much more local while oil is international.