More of the Same

The Wall Street Journal has two interesting stories related to China in the past week while contemplating its potential future under Rupert Murdoch.

China Toils Over New Labor Law

and

What China 4000 Means

Both have been 0ft-discussed here (I could link, but really, just scroll down a bit). These stories add two interesting tibits. First, there were nearly 200,000 public comments that actually seemed to influence the development of the labor law which is to pass in June. Law writing here is extremely elite-centered, so this transparency and populism is of note. Second, the bubble that I have been harping about must be seen to be believed. Here’s a graphic attached to the second story about the Shanghai market’s breakthrough to 4000.

That is not the picture of a healthy stock market.

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