Comment by matchsetpoint

I agree that there's a ton of progress in conjunction with troubles of growth. However, I think they're past the point of no return with the reform; if they did the reforms when the stock market crashed a few years ago, that could've been different. But now you can see that the communist party is avoiding that pain completely (just like Japan in 1990) and trying to inflate the worries away. However, pegging to dollar and capital outflow is preventing them from doing that successfully (while Japan had the fortune of doing the inflation in the 90s when the world economy was healthy). Along with XiJingPing becoming a dictator, it doesn't bode well at all for China.