2015-08-27 — theguardian.com
"Now it is going all downhill. I think that from here on in we see a sharp depreciation of the renminbi, we see an acceleration of credit -- but not actually having any effect on the economy -- and consequently you probably get inflation domestically and then a burst in unemployment and all sorts of nasty things."
"The slowdown is really bad. It's not a slowdown; it is a crash and this is going to accelerate and get worse," added Stevenson-Yang, the author of China Alone: The Emergence from and Potential Return to Isolation.''
...
Nor was social upheaval the party's only concern. "The fear has to be ... that party stability is on the line if the economy doesn't work."
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