Oh dear, it looks like that article that stevie-girl quoted from The Economist was right. (British economists always get it right, after all.) Shanghai Composite was up over 2% last night putting it up close to 20% YTD now.
Also adding evidence to weakness of China is the fact that the CNY is one of the few currency in the world to hold its ground against the USD this year. They have even allowed the peg to the USD to steadily appreciate steadily since August.
I guess the Chinese must know that the financial media is right as always about how weak China is. Stevie-girl is right. China and Europe will bring down the rest of the world.
We are so screwed economically! Just read the headlines. The media always gets it right!