The Great China Jugger-Not
China ranks among the worlds great nations and cultures with a proud history and the possibility of a flourishing and prosperous future. The combination of exceptional intellectual capital, a strong work ethic, and, currently, low cost of labor capital (with a surfeit of human labor available), combined with a mercantilist economic system that, to some degree at least, rewards entrepreneurialism and foments capital formation, has provided China an incredible run these past few years.
But China viewed as a macro investment rather than as a nation-state or a culture -- is not the economic juggernaut many me too reporters and commentators have assured you it is. In fact, I currently see China as having one of the higher country risks you could invested in. The US just went through a residential real estate bubble so we know how devastating they can be. I believe China will either experience a
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