3 ms·
http://scholars-stage.blogspot.com/2014/08/passages-i-highlighted-in-my-copy-of.html?m=1 http://scholars-stage.blogspot.com/2014/08/passages-i-highli... The en
by barry-cotter 8y ago
http://scholars-stage.blogspot.com/2014/08/passages-i-highlighted-in-my-copy-of.html?m=1 http://scholars-stage.blogspot.com/2014/08/passages-i-highli...
The entire Chinese economy is as rigged as the government can make it. The stock and bond markets are fake, the state owned enterprises are run as fiefs of the Party-State, not for profit, all the major banks included. Nothing is trustworthy. Combine that with a property market that’s been going up for decades and a ruling class that would not be happy if the middle class that started rioting if their savings in property went up in smoke and you have a fake property market too.