The same opinion repeated by lots of western economists every year, so you are not the first one. China's economy and culture is different, which lots of wester

The same opinion repeated by lots of western economists every year, so you are not the first one. China's economy and culture is different, which lots of western couldn't understand, but still try to use western prospect to interpret it. Like asset bubble, the western don't know the mortgage in China is at least 20% for first property, and the second one would be 50% or even higher. And also in Chinese culture, most people would not get finance for the vehicle, and the saving rate is significant higher than US.