Perhaps the Chinese central bank governor was talking in his sleep at the G-20 meeting to keep repeating that the "bubble burst"
From the Bloomberg:
Zhou Xiaochuan, governor of China’s central bank, couldn’t stop repeating to a G-20 gathering that a bubble in his country had “burst.”It came up about three times in his explanation Friday of what is going on with China’s stock market, according to a Japanese finance ministry official. When asked by a reporter if Zhou was talking about a bubble, Japanese Finance Minister Taro Aso was unequivocal: “What else bursts?”A dissection of the slowdown of the world’s second-largest economy and talk about the equity rout which erased $5 trillion of value was a focal point at the meeting of global policy makers in Ankara. That wasn’t enough for Aso, who said that the discussions hadn’t been constructive.
Bursting bubbles have become too obvious to deny? Well, China's deflating bubble could be seen as the appetizer. The main course is coming.