Beijing Home Prices Drop for First Time in 19 Months in March
People are always going on about how invincible China's economy is and how strong it is going to be moving forward. Anyone who has studied economics proper knows that government expenditure and unbacked expansions in the money supply will lead to unsustainable booms and malinvestment. People talk of the Chinese economy as if it is properly planned, but this is giving the Soviet Union credit for it's current economic superiority.
The projections for Chinese growth over the next 1-3 decades are greatly exaggerated. They assume that GDP will continue to grow at the same rate, and they assume that GDP growth = no underlying economic problem. GDP is just an accounting identity. Not a statement about the wellness of an economy.