Lei Yang

The Inevitable Collapse of China's Banks

You can stop reading at "the CEO of each Chinese megabank is a Communist Party crony." Some of the "free world" citizens just can not get their head around the fact that one of the best economic development story in the history of the world is being pretty much driven by a bunch of "Communist Party cronies". Those "cronies" have managed to keep a huge nation facing tremendious difficulties growing over 8% year over year for last twenty years. They apparently had been so ignorant of the fact that their economy was meant to have an "inevitable collapse" for some many times along the way that they couldn't even pause the growth for a year or so.

But rest assured, these "commies" are nothing but tiredless. They will keep working on it, and, eventually, for Milton Friedman's sake, eventually deliver a crash in next decade or so.