http://www.ritholtz.com/blog/2010/12/investing-in-a-structurally-unbalanced-world/
"Longer term I remain very bullish on China. For the last few thousand years, China has gone through long cycles of increasing power, national unity and expansion, followed by slow decline and then national disintegration. And then the cycle repeats. With the ascent of Deng Xiaoping in the late 1970s and the disaster of the Cultural Revolution imprinted on all minds, the national disintegration phase ended. China is now in the up-phase of increasing power, national unity and expansion. I have no doubt that a nation of 1.3 billion hard working talented people with a religious craving for material improvement is a great long run place to put your money."
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