China's problems, continued

Will Hutton: Calm down, the rise of China's power is being exaggerated

It's been a bit of a slow week for interesting stuff to post about.

This morning's article in The Australian gives some more reasons to worry about China.

I get the impression that there is one group of economists who are a bullish about China being able to handle its problems, and a smaller group who are much more pessimistic. The pessimists' case sound much more convincing to me.