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I'm not sure exactly what 'trevelyan means when he says its not illogical. Though I would use the same term. The housing and public market bubbles, prior to t

I'm not sure exactly what 'trevelyan means when he says its not illogical. Though I would use the same term. The housing and public market bubbles, prior to them occurring, were understood effects to China's growth plans. When I say it was not illogical, I am telling you that China's economists and other planners carefully considered this part and parcel to bootstrapping the economy. How they handle things from here is going to be interesting and a test of the government's ability to reign in corruption and clean up financial loses where needed...and about a thousand other things.

joe_the_user 15y ago
Do you have any references to corroborate your statement that "The housing and public market bubbles, prior to them occurring, were understood effects to China's growth plans."? I would be very interested how much discussion China's policy makers have had on this question. I don't think it is a given at all there has been a lot of discussion around this making it to highest levels - the consequences of the US housing bubble clearly weren't expected by US leaders despite the US having many, many intelligent policy makers (some proportion of whom could certainly see the crash coming).
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