Chinese Bubble Ending
According to a Japanese newspaper account, China is now losing human resources and money.
The Sankei Newspaper released today posted a comment by its correspondent in Beijing: "A real estate bubble is about to burst in China. The central government looks like being incapable of managing and controlling the situation. No one can say what will happen in China, since local governments, banks, businesses and all other stake holders have been engaged in building up this bubble for so long."
A Chinese researcher the Japanese reporter met after 10 years said that though Japan is a country ruled by law and thus Japan suffered no social turmoils when its bubble collapsed in the early 1990s, China is different. He added that he let his wife and children immigrate to Canada.
The four major Chinese national banks have lost about $170 billion in the last three weeks. Chinese students today learning in the US and other advanced nations seem to have no intention to come back to China and help development of domestic economy, though such students came back to China after graduation from foreign universities to help Chinese economy grow in a higher rate 20 or 30 years ago.
So, parties concerned in Japan as well as in China are really worried about possible collapse of the Chinese bubble.
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In my view, Chinese economic bubble may burst but its state will be different from other past examples in the world.
China is large in terms of population. So, some part of China is going down into recession with a burst of the bubble but other parts must continue to expand their economy. It must look like a kind of chaos. Even today China is experiencing hundreds of riots in various local towns and villages. More grave incidents must be happening underground. But most of Chinese businesses will continue their operation, since China has a vast scale of market.
The years-long deflation in Japan is the very rare case for the human history, but this complicated crisis of the Chinese economy and its state structure will be also a very singular case in the history.
We have to carefully watch the on-going situation in China.
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Rev 8:5 And the angel took the censer, and filled it with fire of the altar, and cast it into the earth: and there were voices, and thunderings, and lightnings, and an earthquake.
Rev 8:6 And the seven angels which had the seven trumpets prepared themselves to sound.
Rev 8:7 The first angel sounded, and there followed hail and fire mingled with blood, and they were cast upon the earth: and the third part of trees was burnt up, and all green grass was burnt up.
Rev 8:8 And the second angel sounded, and as it were a great mountain burning with fire was cast into the sea: and the third part of the sea became blood;
Rev 8:9 And the third part of the creatures which were in the sea, and had life, died; and the third part of the ships were destroyed.
Rev 8:10 And the third angel sounded, and there fell a great star from heaven, burning as it were a lamp, and it fell upon the third part of the rivers, and upon the fountains of waters;
Rev 8:11 And the name of the star is called Wormwood: and the third part of the waters became wormwood; and many men died of the waters, because they were made bitter.
Rev 8:12 And the fourth angel sounded, and the third part of the sun was smitten, and the third part of the moon, and the third part of the stars; so as the third part of them was darkened, and the day shone not for a third part of it, and the night likewise.
Rev 8:13 And I beheld, and heard an angel flying through the midst of heaven, saying with a loud voice, Woe, woe, woe, to the inhabiters of the earth by reason of the other voices of the trumpet of the three angels, which are yet to sound!