SHANGHAI -- From the stock and property markets to other segments of the economy, bubbles are continually cropping up in China. Lately, the country's investors have been turning to bitcoin in droves.
Chinese investors are constantly shifting from one promising asset to another, seeking to maximize their returns amid excess liquidity. The slowdown in growth means the authorities have little choice but to maintain a fairly accommodative monetary policy, contributing to the abundance of cash.
Chinese President Xi Jinping stressed during a roundtable discussion last Friday that his administration will "continue its aggressive fiscal policy and moderate monetary policy to expand demand adequately."
http://asia.nikkei.com/Politics-Economy/Economy/Bitcoin-and-China-s-endless-chain-of-bubbles
