How do we solve a problem like China? As The Guardian’s Heather Stewart points out, "barely a week goes by without yet another stunning fact from the Chinese economy." This past week, the big news was the order from Chinese authorities that some of the country's big banks curb lending. This small effort to cool things down has, in turn, unleashed an avalanche of speculation about the underlying fragility in China's economy and, more specifically, whether it has gone all bubbly.
So has it?