Saudi Arabia may go broke.

[Oberon]

Originally Posted by ikalugin

Implying that there is any degree of communism or even socialism in PRC.

Well, it's not exactly a democracy either.
20000 Leagues has got it pretty spot on, IMHO, because let's face it at the early part of the 21st century everyone thought that China was the new big bad. The usual prepper suspects in the US were preparing for the inevitable time that the Peoples Liberation Army Navy landed its marines in San Francisco and begun the invasion of America. Heck, the new Red Dawn was going to have the PRC as the bad guys until it realised that this would mean that it couldn't actually sell the film in the PRC.
Everyone was crying into their root beer that the Chinese were going to overtake America as the worlds number one superpower by 2020 and America was doomed.
Then we found out just how fragile that miracle growth of Chinas actually was, about how all that boom was built on some very shoddy foundations.
That's not to say that we shouldn't give the PRC a element of respect, I mean it's still a major power to contend with, and no mistake, but I think attributing some kind of mythological deification to it is probably a mistake.