reflect on this one: Quote: "...If China escapes the third day...

reflect on this one:

Quote: "...If China escapes the third day of international economic reckoning - the first being the hedge-fund instigated Asian collapse of 1997, the second being the Great Recession triggered by the derivatives implosion, the third, the looming sovereign debt default drama playing out in Europe - it becomes increasingly difficult to attribute Chinese success to cheating and dumb luck...."
http://www.atimes.com/atimes/China_Business/NB03Cb01.html

Now do your best and see what you can come up with to discredit the above.