John Gaats

Anatomy of a Chinese Bubble: A Checklist For Spotting Bubble Tops

You forget to mention an important fact: there are much less securities than Chinese demand. China probablly has 1500 securities to satisfy 40 million investors. Over valuation can happen when demand exceeds supply by a large factor. However, I will not bet against China for all the reasons you listed. If you believe your own reasoning, try short sell Chinese ADRs or Chinese funds.