Chinese economy grew 5.3% Q1 2014, page-26

More Sinoscare (Wishful thinking ) rubbish.

The Chinese economy is about 50% State capitalism (the half that America detests)
and 50% private enterprise.

IMO, unlike the US housing crisis where the US Treasury threw 100s of Billions
of borrowed $s at private enterprise; IMO the Chinese will simply nationalise bankrupt private
enterprises (like Iceland) and give them to the provinces to be resold like the way the provinces
have sold Communist State land to developers for building developments.

And by the way there are more Chinese Billionaires in China than the USA
and private enterprise only represents 50% of the Chinese economy!