You Big Mouth, You!  has been doing a number of extended posts on the Chinese economy. the nut of it:
” I’m one of a number of pundits, a small number to be sure, that hold a contrarian view of the Chinese economy. Most opinions that you will read about China suggest that the nation is on the verge of becoming a world economic super power, an awakening giant. I have opined here and elsewhere that China today more closely resembles a Ponzi scheme, not a burgeoning economy. ”
I link the Front door becuase there’s acutally quite a number of posts there on this topic… you would be well advised to scrool down and search within the page.