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Global stock-markets are in a crashing frenzy over the economic ‘slow down’ in China. Yet China optimists would say that there’s an overreaction and that China is reshaping to a consumer society.

Perhaps the ‘new’ China of rampant consumerism was on raw display in the wildly popular Chinese TV dating show If you are the one. With 36 million regular viewers, one young female contestant disclosed her ‘love’ match criteria with the words ‘I would rather cry in a BMW than laugh on the back of a bicycle.’  Her comment made her an overnight celebrity. More...

The stock market gyrations of the last week-or-so were somewhat crazy. From a panic crash to creeping back to ‘normal’? It all seemed to relate to speculation about China.

The follow-up analysis is as up-and-down as was the stock market. The blog ‘Peak Prosperity’ is VERY pessimistic about China, saying China’s debt is now 300 per cent of GDP and in Spanish/Greek territory. And there’s an even more pessimistic assessment saying that China’s economic data is unreliable.  More...