November 1, 2016

"Is the Chinese economy about to implode? With its debt overhangs and property bubbles, its non-performing State-owned enterprises and struggling banks, China is increasingly portrayed as the next disaster in a crisis-prone world.

Such fears are overblown, for China has the strategy, wherewithal and commitment to achieve a dramatic structural transformation into a services-led consumer society.

But what if the China doubters are right? What if China's economy does indeed come crashing down, with its growth rate plunging into low single digits, or even negative territory, as would be the case in most crisis economies? China would suffer, of course, but so would the shaky global economy. It's worth considering this thought experiment."

Read more:

http://www.chinadaily.com.cn/opinion/2016-11/01/content_27233590.htm

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