China is full of contradictions. It is vast: yet much of its land is unproductive. The population, at 1.3 billion, is the world’s largest: but only a small percentage have disposable incomes. The rate at which the economy is opening contrasts with political repression. A booming economy is threatened by a burgeoning budget deficit. It’s market potential is almost unlimited: it’s a great place in which to lose big sums of money. China is the economy of the 21st century: and it’s headed for an economic catastrophe. All are true. Examples abound to support each and every contention. Consider, for example, the following:

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