Chinese bubble bursting: A probable non-event � naked capitalism:
The end of the Chinese housing bubble will not be a disaster because the Chinese technocrats will know how to respond.
"Yes, the property bubble in China looks like its bursting. But no, this will probably not prove to be a catastrophe. Instead, we in the West are going to get schooled once again, when our Eastern ‘comrades’ show us just how to run an advanced capitalist economy. History, eh? It’s just one big irony."
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