More and more people are discussing the bubbles in China's Growth Enterprises Market (GEM) and comparing such bubbles with those of America’s NASDAQ. ANBOUND’s visiting economist Zhong Wei suggests that the huge bubbles that NASDAQ experienced are great bubbles which are necessary for the innovation. China’s "4 trillion Yuan stimulus" is humble bubble to a large extent. Compared with the huge state owned economy which lacks a sense of crisis and the willing to innovate, China’s GEM is weaker and more bubblized. China would be very lucky if it has the bubbles which are comparable to NASDAQ.