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don't invest unless you're prepared to lose all the money you invest this is a high-risk

investment and you should not expect to be protected if something goes wrong I'm John Batser with my colleague Mary Kistel, Executive Vice President Stevenson

Incorporated, former Senior Advisor to the Secretary of State traveling Asia and before that

traveling Asia for the Wall Street Journal editorial page from Hong Kong before the

city was crushed by the People's Republic of China. The word recession is not adequate to describe the scale of

back peddling that's going on in the Chinese economy right now. One way to talk about

it is the word that the Financial Times and Bloomberg and others have been using

uninvestable. You can't even pick your spots. We're looking at bailing out of China, money leaving, the foreign and capital that China needs.

Why?

Because the Chinese economy is non-transparent and it's been propped up for years by the Chinese Communist Party

with cronyism with nepotism with intellectual property theft with bullying all

of the above to describe not an ordinary recession but a retrenchment I think

would be the most favored word here of the future Also, because the economy depends upon the population becoming

consumers. That population is shrinking according to a report in Nature magazine

in these last hours.

...