OC631,
I'm not sure what to believe regarding China and it's current financial system.
If I look at it's 10 largest public Corporations, they consist of banks and power companies. The top 10 companies are responsible of 75% of all the earnings of all 800 public companies. Their combined earnings are LESS than $75 Billion, so all the public companies together equate to less than $100 Billion Dollars.
Our top handful of Companies combined earn about as much as every public company in China combined. Exxon, Chevron and Walmarts combined gross sales exceeds all the public companies in China.
Something doesn't past the smell test.
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