Facts: -China has a command economy -China performed well during & post the GFC -China has almost $4 trillion in foreign reserves and still growing -China has a GDP growth of 7.7% and so the list goes.
The Chinese prophets of doom are simply wishful thinkers.
This minor issue is merely chicken feed and nothing like what happened in the USA from 2007-2013 where a host of banks and credit unions and so called blue chip companies went burst which shook the socks off Uncle Sam followed by many municipalities including Detroit going bankrupt. (Just Google US municipalities bankrupt)
