【摘 要】
：
Susceptible to bubblesEstimates of overheating and bubbles inChina have been mostly a shouting matchbetween vociferous bearslike hedge fundmanagers Jim Chanos (“China is Dubai timesa thousand or more”
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Susceptible to bubblesEstimates of overheating and bubbles inChina have been mostly a shouting matchbetween vociferous bearslike hedge fundmanagers Jim Chanos (“China is Dubai timesa thousand or more”) or James Richards(“China is in the midst of the greatest bubblein history”) and the rest of us who do notquite see China’s fast-growing economy interms of such extremes. Yet as we go furtherinto 2010, as the pace of China’s economykeeps intensifying and the housing marketkeeps inflating, the balancing act becomesprogressively harder to maintain. Or so, atleast, it would appear – China has more orless been doing this for decades.
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