Posted by
linqing on Saturday, May 26, 2007 11:28:33 PM
Now China is in a very fast growth cycle but like all things everyone needs to be careful. I believe the Chinese stockmarket will easily climb from the 4000 mark to over 10000 with 3-5 years. Needless to say it will continue to make many Chinese very wealthy. Because the stockmarket in China is a new thing thing it is treated like a casino and the Chinese are notorious gamblers. They have had nothing for so many years they will gamble on anything and everything to get rich quick. There is no long term planning in China. It is only give me that 1 rmb today, I cannot wait until tomorrow.
Since China has no record of fiscal responsibility they have no way to control wealth. The money controls them. Since the money controls them the bubble will burst.
And with this in mind remember this:
"For it is easier for a camel to go through the eye of a needle than for a rich man to enter the Kingdom of God"
Luke 18:25
There is much work for Christians to do in China.
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