Go here and pull up the pdf file entitled China & the Anti-Realists by Steve Saville. It's currently the 8th article down.
Last I heard, the man lives in Shanghai. You can't have a better view than that. As a long-term bull on the global theme, I take note and try to remember that global engine China is over heated and excessive in so many ways as I consider time frames.
"That China's economy continues to maintain the outward appearance of strength, despite a
burgeoning inflation problem and mal-investment on an unprecedented scale, is testament to the
extraordinary degree of control that China's government exerts over the banking system and the
amount of borrowing/lending. Due to this control, insolvent banks continue to lend aggressively to
insolvent State-owned companies, which use the borrowed funds to build impressive factories,
office buildings and shopping centres, many of which are under-utilised and loss-making."
