China's utterly distorted economy is a train wreck waiting to happen :: World Tribune

For the nonafficionado, Peking opera is “full of sound and fury, signifying nothing” to quote a famous dramatist from another culture. [Cantonese opera even more so; for as snobbish Mandarin-speakers have sometimes quipped, not even Guandong natives ever really master the six, sometimes considered eight, tones of their language, so they just keep shouting louder and louder.]

There is certainly plenty of noise now with the media and interested parties promoting the Chinese economy. Straight line projections of future gross national product growth [and projections for imported raw materials sales] may be the way we get to Mars before the astronauts. Most of those writing and talking about the China scene at the moment seem never to have heard of “the problem of the unanticipated consequences of purposive action”.

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