主题：亚洲第二次金融危机将展开 -- parishg

http://uk.reuters.com/article/2013/08/23/uk-china-debt-zombie-insight-idUKBRE97M02B20130823

That's how one supports the "state" sector. Down the road, the government will bail out the banking system by PRINTING LOTS OF NEW MONEY and tax every Chinese taxpayer through inflation, JUST LIKE WHAT IT DID IN late 1990s and early 2000s, through SO-CALLED "ASSET MANAGEMENT CORP.".

btw, Wen has its power base from the TianJin area. He did something wonderful for his fellow interests group politicians. All provincial leaders are more or less USD millionaire or billionaires by now: open secret for overseas Chinese. A Stanford professor even got tenured for studying how Chinese leaders tunneled money into their cronies' pocket.

In the last 3 years, I only saw deterioration in internal control/corporate governance and cost control among those giant state firms with a "China" in their names.

http://wallstreetcn.com/node/54050

但从2009年开始，天津已经投资了超过1600亿元来努力建设一个金融中心，这个金融中心将成为中国的曼哈顿——这几乎是中国最昂贵工程之一三峡大坝的费用支出的三倍。

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但于家堡金融区，一共有47座摩天大楼正在拔地而起，可能被证明是中国最大的烂尾项目。现在还不清楚，为什么已经进驻北京的大型金融机构，需要在近在咫尺的天津大规模地开展业务。

实际上，据天津政府的披露显示，在2012年初，天津支持基础建设项目的主要地方政府融资平台，当年就面对560亿元的债务清偿。但至少从2008年开始，天津的融资平台每年都受困于负的现金流，包括2011年现金净流出280亿元。

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虽然信托计划的营销材料并没有明确表示天津将利用贷款来清偿旧债，但时间点和贷款的金额赤裸裸地揭示了贷款的真正目的。

China is Japan in late 1980s. Its financial firewall will protect it for a while, but its 5-year trend is down, not up.

I will not short China directly, but it is easy to short all those who will be pull down by the China factor.