“China has had a great run. But let's keep it in perspective. Among China's 1.3-billion citizens, only 60 million of them earn a $20,000 middle-class annual income, while 440 million make $3-$6/day and 600 million take in less than $3/day. China's cocktail of malinvestment, a coming real estate collapse and “crony Communism” will end up costing investors a lot of money. ”
