On: Fears over the true state of China's economy

[Shivetya]

Well it has been proven over and over, government managed economies are not a good idea. You can hide problems longer by working the numbers but eventually it catches up with them.

China likely has earned itself a buffer because of its growth and development of many good businesses but the danger is all the propped up businesses that are state owned or owned by cronies

[TheOtherHobbes → Shivetya]

Which is nothing like the US, where Congress and the Senate are giant pork distribution machines?

There hasn't been a single period anywhere in the world in the last few centuries where markets haven't imploded cyclically.

In this, China is just aping business-as-usual on Wall St.