Yes, The Chinese economy is still a Work in Progress, while Wall Street, London and Zurich are looking more and more like "finished" goods.
The Western financial press likes to play down the fact that China is really China Inc, a centrally planned economy. This is a fundamental strength at this time of world financial chaos.
If the Chinese administration is accumulating gold like no other in the world and encouraging its citizens to privately hold, it's a pretty good sign that they have future plans for a place for gold in their monetary system. Add to this the new BRICS world development bank to be headquartered in China, the move away from the USD as the unit of international exchange, the bank bail-in plans to rob bank depositors to save reckless banks, among other signs of system decay, and it's not hard to see which way the wind is blowing.
