China is different because with a small amount of capital, you can survive for a long time. You give 20 companies a couple of million dollars a piece, they are going to last for five or six years even if those models haven't been successful. I'm not sure if that's the right way to look at it. If failure means going bankrupt, not many companies go bankrupt because you can last for a long time in creative ways in China.
Marc Faber. As usually - equities, cash, PM, corp bonds, real estate.
FNN AU Marc Faber 'Optimistic Prediction 4 Central Bankers Fate