Interesting post at Zerohedge on the Chinese economy that I more or less agree with. China is not going to become the Leprechauns pot of gold.
...............The Chinese economy is overallocating capital to investment in real estate, capital goods and infrastructure. But the result will not be the burst of a bubble but rather a longer term continuous decline in the marginal productivity of capital. As a result, the torrid GDP growth exhibited by China will gradually slow down.............
Guest Post: A Different Way Of Looking At China | ZeroHedge