Why worries about China make sense
Why the surprise, the restructuring and removal of state control and corruption has long been known as necessary and while no country or market is clean, washing the dirty laundry within a chosen cliché is the problem not the cure.
China India and South America the same, while Europe, N.America and parts of Asia have their own ongoing job to do.
" The Chinese market is not a normal one. Even more than most markets, this is a casino in which each player hopes to find a “greater fool” on whom to offload overpriced chips before it is too late. Such a market is bound to be extremely volatile. But its vagaries should tell one little about the wider Chinese economy.
Why worries about China make sense - FT.com