FXP: Let's Run This Train Into The Ground

UltraShort FTSE/Xinhua China 25 Proshares (FXP) is about to get wrecked. The idea behind this ETF is that it attempts to return -200% of the FTSE/Xinhua China 25, which are the largest 25 companies in China. To sum it up, it is pretty much what the Dow Jones is to America. So here's the deal, China is currently one of the fastest growing countries in the world and this ETF is going to get crushed. Currently the YTD return as of 7/23/09 is -65.60%, and its 1-year return is at -85.56%. This is due to the China 25's super growth now that economic recovery seems to be within reach. Eventually this ETF is going to run so low that Proshares will have to make a reverse split of the ETF to keep it from being reduced to pennies. They are going to keep doing this until there is going to be too few shares for people to actually be invested in this ETF. With the growth of China and this ETF playing the opposite of the growth, why would you not want to short this baby into the ground?