Contrary to popular myth, the Chinese have very little common sense when it comes to business. Virtually no Chinese-run company is internationally competitive.

What's driving the Chinese economy? Pixie dust: The collective power of 1.3 Billion pairs of hands clapping to keep Tinker Bell alive. The business world is as riddled with corruption, nepotism and waste as the government. Often times, there is no difference at all between state and industry.

This will end the same way it did for America in the thirties: with collapse. Investing in companies based only on enthusasim, nationalism, or just excitement and ignorance. (Gee, I'd really like to buy some stocks but I don't know which ones, oh well, let's get these, they have a pretty color, and your cousin works there, doesn't he?)

I'll say it on the record right now: stay away from China if you have a business. Do everything you can to insulate yourself, because this is one house of cards that's gonna come tumbling down, and

What's driving the Chinese economy? Pixie dust:

No wonder the U.S. Economy seems to be on the rocks of late. We are competing with the Chinese for hard to find pixie dust to keep it going.

Yes, China is a market that should be avoided. Over-hyped, over-sold yet malnourished in terms of information. About the worst combination you can find.

And in the hand clapping market they've got us beat. Not only do they outnumber us 13 to 3, but they also are the worlds leading manufacturer of hand clapping toys and robots, amounting to a serious "Tinkerbell / Pixie Dust Gap"

Wow, reading more on this... The bubble really does seem to be near the point of popping.

Bravo again, Austin. The WSJ should be jumping at the chance to give you a column....

Well, I think now the reason that the WSJ doesn't give me a column begins with an R and ends with an "upret Murdoch"

And kmcolo,

more than you realize. Notice my expertise is collapse, disaster, chaos and civil war. I'm not here for the business, I'm here for the apocalypse.

I look around at all the eager guys in the suits who've just landed from the US and Europe to cash in on the Chinese economic miracle, and I can't help but think:

Suckers. You should have studied Humanities, because you're business degree won't save you now!

I have many conflicting feelings about a collapse of the Chinese economy. But they will have to wait until next time we talk of this. I am so busy...