China’s shadow banking surfaces http://www.macrobusiness.com.au/2012/07/chinas-shadow-banking-surfaces/

Chinese Premier Wen Jiabao said that China's labor situation will become more "severe," fueling continued ideas that the Chinese government may announce more growth measures after today's State Council meeting.
In China, prices for new homes rose on a month-to-month basis in 25 out of 70 Chinese cities in June, the most in 11 months. That was a favorable sign that buyer sentiment improved after the Chinese central bank's recent 31 bp cut in its 1-year lending rate to 6.00%. While the report was positive for China's economic outlook, the report also reduced hopes that the Chinese government may ease restrictions designed to slow prices in the housing and property markets.

China’s M2 money supply has doubled since the collapse of Lehman Brothers. M2 money supply currently stands at around RMB90 trillion, and it was at about RMB45 trillion the month before Lehman collapsed. Thus the so-called RMB4 trillion stimulus after Lehman’s collapse (which is more like a RMB8 trillion fiscal stimulus in reality) has translated into a RMB45 trillion increase in M2 money supply.

The data from Kotlikoff and Hagist clearly demonstrate that healthcare-cost growth is a worldwide problem.[4] And as the figure further demonstrates, the bulk of this cost growth is attributable to benefit expansion to cover an ever-increasing amount of goods and services related to health maintenance. The real winner of this benefit expansion is the medical-industrial complex.

The cost growth we see in healthcare is clearly not the result of unfettered free markets. While many make the spurious claim that the United States enjoys a free-market healthcare system, they do not argue this for most of the other countries included in Kotlikoff's analysis.[5]

http://mises.org/daily/6110/The-Right-to-National-Bankruptcy