Friday, July 20, 2007

China Learns A Hard Truth

It appears the dragon doesn't want to be tamed. Of course, after every boom comes a bust, and the bigger the one, the bigger the other. With the rural/urban wealth divide already huge and growing, and food prices being the hardest hit, meaning any bust is going to hit the (mostly rural) poor the hardest, as busts always do....

It's going to be interesting. I've heard the expression "May you live in interesting times" called a Chinese curse. I have no idea if that's accurate or just a canard; either way, it appears there are going to be some interesting times in China within the next year or so.

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