Is China's economy heading for a crash?

buy USD?

USD isnt looking too good

Isnt it obvious chinas economy is slowing down because its biggest customer the US is buried in debt and cant buy any more without taking on more debt.

The US consumer is eyeballs in debt, so is the government. Any unproductive person can become a huge consumer just by borrowing money they can never pay back. Same is the case with the US. its a consumption based economy that relies on debt to live a life they can never afford.

Hence no its not china thats crashing, its the US. The Chinese would be better of consuming all the goods they make instead of giving it away to the US for paper promises that will never be paid back.

Its the USD thats going to crash, now that doesnt mean any fiat currency will do any better. All fiat garbage is backed by USDs. Hence if the USD goes so do all the other fiat currencies with it.

The best place to be is buy Physical gold and silver which are the only real money. Essentially by that u short the USD and every other fiat currency with it.

In the end any fiat currency is a essentially a promise to pay note its not payment. While physical Gold and Silver are actual payment infact they have no counter party risk.

Why press the panic button? China's growth slowed down to forecast 6.3% ( by IMF) relax... that's still among the highest in the world just behind India at forecast 7% ( also by IMF). Just like ECB's Draghi, the Chinese Politburo will do whatever it takes to not let the country's economy go into a recession. Know what going into recession means to the billion number population? Not a turmoil but a revolution will surely follow. The Chinese Politburo can't afford to allow that happening.
As for the rest of the EMs, its a wake up call to steer away and diversify from being just a commodity-based economy.