As the wall Street Journal reports though, there are concerns that low interest rates combined with massive fiscal stimulus (there we go, that’s old style communism!) and a lessening risk aversion among Chinese investors are potentially combining to create a dangerous asset bubble. Tell that to the Chinese, it’s party time right now.

Chinese investors have waited for years for this event, and small Chinese technology firms that have seen the large companies getting the lion’s share of investment and support now have a much needed source of capital funds to draw from. To match the ChiNext launch, the Chinese government has reportedly set up 20 technology supporting investment funds as well.

If that’s not enought to convince you that China has emerged as a technology powerhouse, Chinese A-Power Energy Generation Systems Ltd. (APWR on the NASDAQ) a producer of wind power turbines, was awarded the contract to provide turbines for a new west Texas wind farm, one of the largest wind farms in America.  Deep in the heart of west Texas, America’s new green energywill be powered by Chinese companies and chinese technology. In fact, some contentious US-China trade restrictions were recently lifted as President Obama gets set to visit with the Chinese leadershipin Beijing next month.

Maybe they like his brand of communist-style capitalism.

I kid!

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2. China Blocks Twitter (Because of Ashton Kutcher?)
3. Way to go Hillary, now the U.S. and China are going to war