wrote in :

So illuminate. What exactly is the scope of what's happening in
(industrial) China?

Well for starters, the government run banks are cutting back on
providing funding to companies selling things at a loss.

As a result nonperforming loans as a percentage of outstanding loans
are down to 35% from the 50% of a year or so ago.

The total amount of nonperforming loans has been estimated to be as
high as approximetly $1 trillion.

Expect higher costs for Chinese goods as borrowers are expected to
make profits and repay their loans in the future.

Either that, or the whole Chinese economy is going to implode on bad
debt that exceeds the GNP.

What does the 21st century equivalent of the dot-com bust have to do with the
price of tea in... well... China?