Is China Going Down?

That's a good question, but Robert Samuelson doesn't shed much light on the topic in his column today. He notes the considerable evidence of a housing bubble in parts of the country, which may now be deflating. In considering consequences he acknowledges China's successful stimulus 3 years ago, but then comments:

"Finally, China's government will have a harder time deploying a stimulus than during the 2008-09 financial crisis. Government debt rose from 26 percent of gross domestic product in ...