China’s Central Bank Chief Admits “The Bubble Has Burst”

China’s Central Bank Chief Admits “The Bubble Has Burst” (ZeroHedge, Sep 5, 2015):

In a stunningly honest admission from a member of the elite, Zhou Xiaochuan, governor of China‚Äôs central bank, exclaimed multiple times this week to his G-20 colleagues that a bubble in his country had “burst.” While this will come as no surprise to any rational-minded onlooker, the fact that, as Bloomberg reports, Japanese officials also confirmed Zhou’s admissions, noting that “many people [at the G-20] expressed concerns about the Chinese market,” and added that “discussions [at the G-20 meeting] hadn’t been constructive” suggests all is not well in the new normal uncooperative G-0 reality in which we live.

1 thought on “China’s Central Bank Chief Admits “The Bubble Has Burst”

  1. The bubble? They have bubbles upon bubbles…….it is just starting.
    Zero Hedge covers it well in the article titled spinning plates.

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