主题：【原创】一种房地产开发新模式：概念传销 -- wqnsihs

1990's disaster happened because Prime Minister Zhu intentionally shuts off bank lending and tightened credit DRAMATICALLY. The bubble was CRUSHED by central bank policy. Actually at that time, China did not have a strictly-speaking central bank and banking system was close to collapse.

That real estate bubble cost Big 4 banks at least 10 years to clean up all the non-performing loans.

China can also intentionally creating inflation so that bubble will disappear slowly through increase in average income. America/Europe did that in 1970s, and successfully avoided a system collapse. Both paid a price in early 1980s through tough central bank policies, but bubble was gradually squeezed out through 2 decades of adjustment.

DRAMATIC BUBBLE BURSTING is something China gov SHOULD AVOID AT ALL COSTS.

If Japanese central bank did not pursue an aggressive interest hike in late 1980s, the bubble would not have burst so badly. Of course, Japan gov was also naive in financial market management--if they imported Jews to manage their banking system, they might not have lost 20 years in the end.

In financial world, make friends with Jews. Any nation that pisses off them will end up miserably. Germany is just one example.