A western MSM view, as usual ...
China’s Problems Are Real
Making sense of the country’s economic trouble.
[My Comment]
I am sick and tired of eye pollution from western MSM on China. So I put down my conclusion here.
Stock markets to US is equivalent to housing markets to China. Both countries have inherent problems, structural as well as societal, of constraining, containing or mitigating time bombs in their respective traps.
Back in the days I was debating with my Chinese friends on 10+% growth rate 10 years ago or 20 years ago, I always said China was growing too fast on steroids injected by all levels of governments. The same can be said on US monetary inflation out of one bubble after another, the stock markets being the primary playground.
Therefore, when comparing real economies between US and China, US shall take out the financial market while China shall take out the housing market. If so, the economic well being of China would be order of magnitude more healthy than that of US.
This symptom no longer creates as much panic in China as ever before. It will only hurt the American public with gross misunderstanding of China.