The statistics in this review are quite staggering when we consider in the context of the problems we see in western economies.  The growth and accumulation of reserves are the antithesis of what we see.

China_Quarterly_June10

Key takeaways I got were:

• real estate increases are significant and in bubble territory, but
• little concern for inflation, however
• (my observation) the degree of state-owned enterprises (SOEs) is significant and could herald unintended consequential problems