Wednesday, September 9, 2009

How do you say 'bubble' in Chinese?

From The Baseline Scenario:
Lou Jiwei, the chairman of China’s sovereign wealth fund said recently, “It will not be too bad this year. Both China and America are addressing bubbles by creating more bubbles and we’re just taking advantage of that. So we can’t lose.”
China's sovereign wealth fund is a major purchaser of U.S. government debt, so don't be fooled into thinking what this guy says and does has no bearing on your life.

And when he says 'we' can't lose, I can't tell exactly to whom he is referring, can you?

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