Wrong question! Here are some good questions: 1. Why hasn’t China had a deep slump? (i.e. a depression, or at least Great Recession) 2. Why hasn’t China had a financial crisis? 3. Why hasn’t China had an asset price collapse? I hope this doesn’t sound too pedantic, but I’m honestly not sure what “crash” means (except when I hit another car.) The US had a huge stock market crash in 1987, but no economic slump and no financial crisis. The 1980s S&L crisis was a sort of financial crisis, but no deep slump or asset price crash accompanied that fiasco. And of course there have been deep slumps without financial crises or ... (full story)