Let's see if it stays on track.
There are quite a few protracted distortions in the global markets.
And quite a few of them have nothing to do with Asia.
Here is a picture of the 2008 Shanghai stock bubble collapse.
“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception