[The Pheonix]

Thanks for all your sensible postings (as always)

I ask the doomsayers on this forum, "if China's economy did not collapse EVEN at the worst excesses of the Cultural Revolution (1965-1978), why should it collapse now, when fundamentals are a zillion times better ?" Paul Kennedy, the author of "the rise and fall of Great powers", used statistics to prove that China still had good GDP growth rate even during the height of the Cultural Revolution, when there was a complete breakdown of Law and Order and there was total chaos.

Prediction of the impending collapse of China is nothing new, there were such forcasts during
the 1956,
and 1965,
and 1978,
and 1988,,
and recently as 1993
and 1998

[TigerLikesRooster]

Re #63

There is always a danger when economy or politics goes wrong. This time, the overheated economy with shaky institution and unstable banking system pose the new challenge which can be more serious. The aftermath of such overheated market is even difficult for mature economy like America. It is much tougher for China which is just started to establish its market economy. The developing economy should keep the banking system simple and well in check.