Anne Stevenson-Yang: Why Xi Jinping's Troubles, and China's, Could Get Worse

``China, for all its talk about economic reform, is in big trouble... starting in 2008, China sought to counter global recession with huge amounts of ill-advised investment in redundant industrial capacity and vanity infrastructure projects--you know, airports with no commercial flights, highways to nowhere, and stadiums with no teams. The country is now submerged by the tsunami of bad debt that begets further unhealthy credit growth to service this deb't....'' -- Then here's the other view: Mobius Says China's Bull Market Is Just Getting Started...