"Recent indicators and activities suggest the investment collapse and end of Chinese producers as reliable supply sources may occur sooner than was initially expected. The people's social contract with the Party appears to be rapidly breaking down - and there will be the usual chaos, collapse, and redistribution of wealth and power when it does.
China's basic and accelerating problem is the lack of the rule of law and the all-encompassing corruption that has been enriching government officials and their cronies while leaving great masses of Chinese people throughout the entire country in relative poverty."