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主题:这个时候重读河里风中虎君早年的八卦,很有意思 -- SkyWalkerJ

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家园 Key take-aways, 1. China is

still China 400 years ago: it is still a backward nation in terms of political infrastructure.

文革以后党内斗争被规范,不搞人身消灭、不株连家人,大概这次规矩算是打破了。

2. The LARGEST economic uncertainty or business risk in CHINA is the political risk: THOSE POLITICAL ELITES do not know how to behave responsibly and keep on f* the business community in China.

http://www.youtube.com/watch?v=j9vJVTVEAMg

deja vu again.

As I said before:

the end of a credit expansion period

+ the lame duck administration in its last year

+ global deleverage

+ domestic political elite infight IN A VERY DIRTY WAY

= big slow down in China.

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