The China meltdown?

It has become fashionable to bash China lately. The Western media is going after the country with an endless stream of negative articles and commentary. From the Financial Times to The Economist and The Wall Street Journal, every week seems to bring a new negative cover story or podcast about the impending meltdown in China. Even global investment banks are now getting in on the action. Bloomberg Economics has just published a report arguing that China might never overtake the US economy, contrary to previous expectations of a crossover in the early 2030s.

So what is going on? Are things really

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