There's been plenty of talk about China's artificially inflated currency and economy, so if this article is anywhere near the truth we're in for some torrid times ahead - soon(ish). As a nation, we're very much dependent on China.http://finance.townhall.com/columnists/mikeshedlock/2011/10/29/china_real_estate_bubble_bursts_with_violence/page/full/
"An alarming report from Schroders said Chinese banking operates in a "twilight zone" of phony accounting and shadow money and it's all coming apart. "Almost half of all credit creation in China is off balance sheet," wrote the team at Schroders.
They think this situation could unravel "over the next three to six months," producing a huge crisis with international implications. Most Chinese banks, they predict, will end up as "zombie banks."
reminds me of this client i had who started up on a rant on something i cant remember.
i switched off when he said "its true, I read it on the internet"
Had a drunk bloke tell me tonight that the world will turn to martial law next year and the police will be sent out to simply shoot people on sight. Strange fella he was, he read it in the internet too.
Well China has several brand new cities that are virtually vacant.
That wasn't from the internet. Four Corners did a program on it earlier this year.
Herro.
You no worry us, we no have popem!
Erry fing OK China.
USA have big popem.
Europe have big popem.
I am surprised Dinsdale scored red thumbs.
Just cos it is on the web it must be crap? Financial Times and Marketwatch seem to know their stuff....
Whether the source is the web or not, can anyone tell me there is no corruption and shonky sh!t in China's finances?
Zombie banks?
I can just see the vacant souless bankers roaming the streets -tapping away at their disconnected keyboards - repeating "Naawwttt myyyy prawwblemmm.." 
luv u long time!!!!!
