The Collapse of the 'Chinese Collapse' Theory

In Japan, they call it “the collapse of the ‘Chinese collapse' theory.”

The line, which harks back to more than a decade of dire predictions about China, is a joking way to describe the state of the Middle Kingdom's economy.

Far from falling in debt-laden heap, the economy is looking robust in the medium term. Many of the perennial China bears are retreating into hibernation.