Die Abkühlung der Kreditmärkte mag zu abrupt vonstattengehen, auch Chu zweifelt allerdings nicht daran, dass in den vergangenen Jahren viel zu viel Geld viel zu günstig verliehen worden ist. Die Neukreditvergabe wuchs deutlich schneller als das Bruttoinlandsprodukt (BIP), für dieselbe Wirtschaftsleistung wurde also immer mehr geborgt. Nach Berechnung von Fitch ist Chinas Kreditvolumen einschließlich der Geschäfte außerhalb der Bilanzen zwischen 2008 und 2012 um 73 Prozentpunkte auf 198 Prozent des BIP gestiegen. Ähnliche Entwicklungen habe es vor den Bankenkrisen in Japan und Südkorea in den neunziger Jahren gegeben. Allerdings betrug der Anstieg dort maximal 47 Punkte, was die Dramatik in China unterstreicht.

Warn the US Embassy, because this has "International Incident" written all over it. After Thrasher Skate Rock torched numerous countries, China's next in line for the invasion. To give the gift of chaos, ringing ears, and amazing skating, Cons helped us send over a mob of 25 bros, including bands (LSDemons, Bad Shit) and the best skaters (Angel Ramirez, Don Nguyen, Dustin Dollin, Frank Gerwer, Justin Figueroa, Neckface, Nick Trapasso, Omar Salazar, Richie Belton, Sammy Baca, Sean Gutierrez, Shawn Hale, Thomas Bonilla, Tom Remillard, Tony Trujillo) in the world.

According to a new infoDev study, the Virtual Economy is worth some $3 billion and provides new types of jobs in developing countries.

Declan Hill, in his seminal 2008 book on match-fixing, The Fix, quoted “a recent study for the American journal Foreign Policy [that] estimated the entire Asian gambling industry, both legal and illegal, at $450bn a year.” That’s perhaps 20 times the revenues of all of European professional football. When the sums bet on games dwarf the players’ wages, it’s no wonder match-fixing has become a global, stable and mature industry.

He explained that the marriage market is becoming very competitive with so few girls. Chinese parents want to accumulate as much wealth as possible to ensure that their son can attract a wife. It is also important to provide sons with the best education possible. A competitive marriage market means that members of the disadvantaged gender must raise their game, which in China means greater wealth and education.