China's Economic Stability Hangs in the Balance

China's economy is facing challenges with slowing growth, a burst property bubble, and rising unemployment. While some argue that China's economic miracle is over and it will follow the path of the Soviet Union, others believe that China's integration into the global economy and its significant contribution to global growth make it unlikely to collapse in the same way. However, China's growth rate is expected to continue declining, and there are concerns about its economic long-term trends, such as increased bank deposits and decreased private investment. The Chinese government aims for slower but more sustainable growth, and its model of limited economic freedom coupled with political repression has worked so far. The future of China's economy remains uncertain, but a sudden collapse would have significant global repercussions.