Patrick Chovanec has written a perceptive piece on China calling the country on the verge of a nervous breakdown:

For the moment, I’m reminded of that song:  Something’s happening here; what it is ain’t exactly clear. But — and this is the real point — something is happening, and people both inside and outside of China are right to be nervous. [That is spot on. The full piece is here]

This Bloomberg article has some suggestive answers to the poser in Prof. Chovanec’s piece. Those answers are not pretty.

DISCLAIMER: This is an archived post from the Indian National Interest blogroll. Views expressed are those of the blogger's and do not represent The Takshashila Institution’s view.