Is China's Economy About To Crash?

 

Will China's Economy Crash? -- By Michael Pettis, Special to CNN 

(CNN) -- After many years of euphoria over China's rapid growth and the country's apparently inevitable rise to global economic dominance, the China story has taken a serious turn for the worse. China, it now seems, is about to collapse, and along the way it may well bring the world economy down with it.

Fortunately, the new story may be as muddled as the old one.

China's economic model has relied heavily on investment and debt. It shouldn't be a surprise that after many years of tremendous growth driven at first by badly needed investments, Chinese spending on infrastructure and manufacturing capacity is slowing down.

 Read more ....  

My Comment: As a China watcher and regular visitor to the country I will have to say no. But .... the Chinese government is becoming nervous.