THE CHINA BUBBLE?

Wilbur Ross, one of the savviest investors on the planet, now getting involved deeply into nanotech is very wary on China and how they keep their books. He says that phony loans are made from banks to textile mills, the mills take the money knowing they can't and won't pay the money back, then the government steps in and squares the books. He thinks this may be going on in lots of places. This casts doubt on the "trade deficit" reported by China yesterday. Like I've said, so much calculation about stocks and value include the "Chinese Miracle"???? you better be careful. This sounds like the old Communist money black hole in the Soviet Union. Be very wary because this giant may be floating with the assist of hot air. The French keep fake books, the Germans "fudge", and the Communists have always flat lied.