Things have changed a lot in China in the last 10 years! It now takes 6.75 units of credit for China to produce 1 unit of GDP.
The law of diminishing returns or law of marginal utility is now in play as far as China's credit bubble is concerned.
Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason's work at his blog website at www.jasonburack.com.