Unemployment is the gremlin that will make a mess of all the economic plans. Relying on China will prove to be a mistake as they are only human. Their economic figures are not very truthful and are probably aimed at the local population. History will repeat itself, but not necessarily at the same speed or time frame. The players will also change, those that were big before may be medium this time around.
Check house sales and who are buying and with whose money. Check shopping centres and the shops. Fewer shoppers, more sales. Check job adverts. Avoid reading newspapers and watching TV. The real world is nearer than you think, ignore the spruikers.
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