If you want to read a facinating take on China, and a terrifying one on Japan, read the following:
http://www.investorsinsight.com/blogs/j ... fault.aspx
I've been reading John Mauldin's two weekly newsletters for 9 years now and highly recommend them to any and all that want to learn more on global investing from a 'reasoned' thinker. He isn't doom and gloom (usually) but is absolutely not a cheer-leader either. Just good long-term analysis and very good if you want to learn more.
You can sign up for both free weekly letters here:
The one that he does on Friday's is his letter, the one on Monday (outside the box), like above is written by someone else that has a different but still worthwhile viewpoint. So you often get a point/counter-point view which is quite refreshing.
I've been in trading and finance for 10+ years and this guy is the one constant that I always make time to read. Very worth the effort to wade through, he is entertaining and has been bang-on for long-term trends for a long-time. He wrote of the upcoming sub-prime crisis as the years biggest news a full 9 months before it took out the world economy. It wasn't a suprise to his readers, and saved me a lot of money. That is a good way to look at his letters, he doesn't do direct advisory in these letters so you won't make your million here, but he will save your ass repeatedly by keeping you fully aware of the train-wrecks in the future.
Any full-time trader knows that preservation of capital is the most important part of the game.
Cheers, and have a great weekend!