China looks 'a lot like the U.S. in 2008'

I do not think that China will reach the level witnessed in 2008, at least not for now. I think that what China is experiencing at the moment is a warranted correction of economic growth rate following its massive growth over the last ten years.

It has now become one of the greatest economies in the world, and still continues to grow at a greater rate than most all developed economies.

This rate is likely to continue slowing as due to growth metrics saturation along with global slowdown effects.

However, as for the financial crises of 2008, there is no way China is going to fall to those levels. After all it should have learned from that already, so it would do everything to avoid that.

I personally have known that the Chinese have been "cooking the books" since 2007.

The recent history of Chinese malinvestment marks a new chapter in the repeated decline of Chinese civilization. This new story revolves around the rise of a Chinese warlord caste, financial not military in kind, that acts in its own self-interest rather than in China's interest. The new financial warlords operate through bribery, coercion, corruption to say the least. They are a cancer on the Chinese growth model and the so-called Chinese miracle. The rise of the new elite in China has been parasitic in nature, and is closely linked to the prevalence of malinvestment.

China is house of cards ready to be blown down by the financial winds of the day.

no worries. No one will let China fall. =)

You know WHAT, and HOW? I do mean please do tell us about your PERSONAL knowledge!

And yet what you have described sounds like an exact description of the USA foreign policy of about ....hmmmm, the last 100 years.

The UK USED to be the Super Power because militarily it controlled the oceans, until it was gutted by world war, AND GAVE its Navy away for FREE to the USA under the USA's Lend Lease deal. Eg "we own all your ships, and lease you more, or piss off and talk to the Germans".

That kind of deal was the USA then, and thru the IMF, World Bank, AND the threat of the USA military war machine complex how has anything changed?

The USA is a bully. It not only uses war, but also Economic Hitmen to achieve its goals. It's political system is impotent and entirely corrupted by big business lobbyists. Yet its war machine must go on.

And you say China is what? ONLY using economic power?

I'm in favour of the lessor of those two evils.