Everything you have said about "here" is right – commit a serious crime in China and you are never seen again. Be unproductive, and you do not eat.

I have lived here for close to two years in Shanghai and I have traveled to almost every corner of China, and I too was enamored by their ability to DO — for a short while. It is very refreshing coming from the US and seeing streets be redone in a matter of days and buildings go up in a matter of months. Its refreshing to see murderers sent "away" and the wastrels of society not living off of the "do-ers" tax money.

However, what you (and most people) fail to grasp on your three week or one month or six week trips galavanting around China is that the definitions of serious crime and what leads to the have-nots of this society "not having". A serious crime in the country can be anything from stealing a loaf of bread in some areas to murdering your Neighbor.

The problem is there IS NO JUSTICE SYSTEM. No protection for citizens. Everyone lives in fear, including me as an ex-pat. All the while migrant workers are being executed for stealing Ipods while the richest men in china, and even the middle class small business owners, are receiving and giving kick backs and bribes in the amounts of 100 of millions of RMB every single day. You cannot do business here without getting your hand very, very dirty and that is not capitalism to me.

To that point, I have watched my friend beat to within an inch of his life because he offended the wrong person… and when we called the police they watched while it happened. Moreover, to my point before about murdering neighbors, a man was just release for jail after 15 years when the neighbor he murdered suddenly showed back up for a government hand out only available in their hometown. It was a government sponsored conspiracy in shenzhen against the guy put away because he refused to move his factory.

If you did more than just took pictures and boarded airplanes in China, you would probably see it in a little bit of a different light.

I will thank China for one thing; I have a new found respect for freedom of speech, government, regulations, police officers, and the justice system. Things we take for granted, and more often than not protest against and bitch about, are sorely missed when they are taken away.

As to China's long term future, building infrastructure and planning ahead to encourage growth can certainly produce better results than the bankster kleptocracy clusterfuck that the USA is saddled with. But in the long run it can't triumph over the laws of physics and mathematics. Exponential growth of anything– population, energy use, automobile production, or an economy is physically impossible. At a 8% growth rate, it takes less than a century to leave only one square meter of the earths surface for each human or automobile.

The maximum amount of oil per year that will ever be produced from the earth's finite resource is 85-90 mbd, and that peak likely was reached 2 years ago and has plateaued or is on a downward slope. If China's population were to reach the US standard of auto ownership it would require they use all the worlds' oil supply or that the cars never drive anywhere on all those new roads being built. Perhaps they could serve as residences like they now do in the US for people forced from their homes by foreclosure.

China gets 70% of its total energy supply from coal, and at current rates of growth will reach its maximum peak in terms of energy content within 15 years. Imports from Australia can't begin to fire all the boilers under construction. There is no way that any effort to develop wind and solar can fill the depletion gap and support continued growth in energy production in the time frame available.

Fossil fuel energy is the lifeblood of industrial society and agriculture, and without growth in energy supply China's industrialization has no possibility of continued long term exponential growth no matter what its leaders do.

I agree it's just a correction, and trigerred by goverment force plus background situation, which is a right lead for now. Anybody go there to see and understand what's happenning would realize the points, the key is it's the most powerful growing economic nation right now.

Any markets are always up and down, and my prediction for current China stock market is between 2900-3500 shaking for a while. Let's see how we can profit from it is most important.

If China's leaders want to change something they change it. If they want to build/tear down something they do it. If they want to drill for oil, develop a new mine, raise/lower interest rates, burn coal, change a law, force workers to work for next to nothing – they just do it.

We may not like what they do, but those are the reasons China is not in a bubble and will not be in a bubble.