There’s no need to. ADP and other payroll companies provide more realistic information ahead of time. China is a rising destination for foreign investment, not to mention that the world’s greatest companies increasingly derive a large portion of their sales from this once devastated country.

In that sense, China will work for those who want more statistics about a country that is much talked about, thought about, and that will happily factor in any future discussion of global economic activity. Much as the overnight protectionists on the right want it to be true that China is “communist,” and as such on the verge of stupendous decline, they won’t get their way.

In that sense, China will work for those who want more statistics about a country that is much talked about, thought about, and that will happily factor in any future discussion of global economic activity.  [https://www.forbes.com/sites/johntamny/2020/08/13/book-review-thomas-orliks-china-the-bubble-that-never-pops/#7c05cf253b36](https://www.forbes.com/sites/johntamny/2020/08/13/book-review-thomas-orliks-china-the-bubble-that-never-pops/#7c05cf253b36)

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Up front, the very notion of “bubble” is a lazy one. Implicit in “bubble” is that in certain markets there are only buyers. No, that’s not how it works.

Up front, the very notion of “bubble” is a lazy one. Implicit in “bubble” is that in certain markets there are only buyers. No, that’s not how it works.

The previous number reads as small relative to 107, 236 and 68 in the U.S., Japan and Germany. Readers can probably guess that there’s a punchline of sorts.

"There's no such thing as a "bubble," simply because markets, by their very name, are defined by buyers and sellers. A book inspired by the question of "bubble" was doomed by the question.

In that sense, China will work for those who want more statistics about a country that is much talked about, thought about, and that will happily factor in any future discussion of global economic activity.

Much as the overnight protectionists on the right want it to be true that China is “communist,” and as such on the verge of stupendous decline, they won’t get their way.

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Thomas Orlik is evidence of the above assertion. Having worked at Bloomberg as its chief Asia economist for eleven years, Orlik is one of those who has plainly looked past the headlines in search of answers about China. In his new book, China: The Bubble That Never Pops, Orlik attempts to bring readers behind the curtain as it were. Attempts is the operative word because while Orlik’s book will prove useful to some readers as a source of statistics, the analysis of same left so much to be desired. To be blunt, Orliks’ book is drowning in fallacy. If there’s a discredited economic myth, Orlik seemingly embraces it.

Positions China's debt risk within the context of the burgeoning trade war with the U.S. - gauges China's capacity to fight a war on financial risk at home at the same time as a trade war abroad.

China will work for those who want more statistics about a country that is much talked about, thought about, and that will happily factor in any future discussion of global economic activity

Orlik attempts to bring readers behind the curtain as it were. Attempts is the operative word because while Orlik’s book will prove useful to some readers as a source of statistics, the analysis of same left so much to be desired. To be blunt, Orliks’ book is drowning in fallacy. If there’s a discredited economic myth, Orlik seemingly embraces it.

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China too will experience investment surges that will produce all manner of failures too. This isn’t a bubble. This is progress. Government isn’t creating a bubble as much as waste by politicians in China, like waste by politicians in the U.S., cruelly limits the advances by virtue of the mis-allocations limiting the failures without which there can be no progress.

"China is easily one of the most economically scrutinized countries in the world. That every aspect of it is so heavily analyzed exists as evidence that no reasonable investor or thinker takes the official statistics seriously in much the same way that no serious investor waits for the BLS to divine a sense of the U.S. employment situation."

He speculated that if ever the figures fraudulently indicating non-stop growth were revealed as flawed, the country would experience a major pullback due to investor flight.

Thomas Orlik is evidence of the above assertion. Having worked at Bloomberg as its chief Asia economist for eleven years, Orlik is one of those who has plainly looked past the headlines in search of answers about China.

In his new book, China: The Bubble That Never Pops, Orlik attempts to bring readers behind the curtain as it were.

To be blunt, Orliks’ book is drowning in fallacy. If there’s a discredited economic myth, Orlik seemingly embraces it.

In that sense, China will work for those who want more statistics about a country that is much talked about, thought about, and that will happily factor in any future discussion of global economic activity.

People bring different viewpoints to any market, and at all times. “Bubble” is for those who don’t understand markets or economics. In Orlik’s defense, it’s perhaps true that the title he chose wasn’t the publisher’s. “Bubble” sells, which means readers have to suffer this lazy word.

Left the communist economic policies that defined its tragic past behind. China will factor. Thank goodness it will.

Up front, the very notion of “bubble” is a lazy one. Implicit in “bubble” is that in certain markets there are only buyers.

Orlik gives a certain kind of reader what he wants with what some will deem a revelation about China; that its headline debt as a percentage of GDP, and that is reported by government, is 37%.

Readers can probably guess that there’s a punchline of sorts. Three pages later, Orlik writes that “Adding up central government debt, government debt, and borrowing by the policy banks puts China’s public debt at 130 of GDP” as of 2016.

"Thomas Orlik is evidence of the above assertion. Having worked at Bloomberg as its chief Asia economist for eleven years, Orlik is one of those who has plainly looked past the headlines in search of answers about China. In his new book, China: The Bubble That Never Pops, Orlik attempts to bring readers behind the curtain as it were. Attempts is the operative word because while Orlik’s book will prove useful to some readers as a source of statistics, the analysis of same left so much to be desired. To be blunt, Orliks’ book is drowning in fallacy. If there’s a discredited economic myth, Orlik seemingly embraces it."

[@slava](/user/profile/slava) [@killedbybtc](/user/profile/killedbybtc) Mate it would be amazing if you put your opinion on the article as well..!!

In that sense, China will work for those who want more statistics about a country that is much talked about, thought about, and that will happily factor in any future discussion of global economic activity.

Much as the overnight protectionists on the right want it to be true that China is “communist,” and as such on the verge of stupendous decline, they won’t get their way.

In a true marketplace the passions of the bulls are always moderated by the pessimism of the bears, and vice versa. Markets quite simply are. They’re just people.

In Orlik’s defense, it’s perhaps true that the title he chose wasn’t the publisher’s. “Bubble” sells, which means readers have to suffer this lazy word.

No borrower is seeking default, and no reasonable lender is aiming for non-payment. More on this in a bit, but it should be stressed up front that debt is a consequence of production.

Americans will be much richer for it. On the other hand, those looking for an economics book, along with insights about economics, will gain few from China.

More on this in a bit, but it should be stressed up front that debt is a consequence of production. Think about it. No one borrows dollars, yuan, euros or yen; rather they borrow what dollars, yuan, euros or yen can be exchanged for.

It’s a reminder that “soaring debt” springs from soaring production. China is a much more economically free country today versus the collectivist state that once tragically was, so it’s only logical that debt would soar.

That government spending hinders economic growth is an expression of common sense. Growth results from intrepid investment in new ideas that enhance our productivity.

In that sense, China will work for those who want more statistics about a country that is much talked about, thought about, and that will happily factor in any future discussion of global economic activity. Much as the overnight protectionists on the right want it to be true that China is “communist,”

however, is if any of the above is a surprise. Prosperous individuals, businesses, and countries can borrow.

To use but one example, “Premier Zhu launched a massive infrastructure stimulus…” Orlik routinely references these surges in government consumption without even a slight hint of skepticism.

The latter isn’t a Republican talking point either. Neither Party has ever revealed much in the way of spending discipline in modern times.

Growth results from intrepid investment in new ideas that enhance our productivity. Governments focused on spending to “create jobs” and stimulate “consumption” are not focused on the capital allocations that power productivity advances. Government can’t stimulate.

a reader might take seriously Orlik’s blithe acceptance of government spending as “stimulus.” That’s too bad.

About a year ago, and at lunch with a major Washington personage, the subject of China came up.

he optimist cheering its ascendance as a daily raise for every American, while this most prominent of opinion writers offered up skepticism. He speculated that if ever the figures fraudulently