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The Chinese economy over the past few years had been growing rapidly.   Their currency is getting stronger and their technologies have advanced.   Ordinary citizens are getting better and better with their lives keeping pace with rising prices. Many working class are lured into the property market with many snapping up apartments as soon as they were built with some buying more than 2 flats in the hope of making quick profits.

Recently, cooling of the property market have so impact on propety prices, but many are convinced that any fall is temporary.  

The leadership has so far shown that they are capable of steering the economy well.   However they should note that they are a large economy second to the USA which have always wished to be the world leader first in everything from economy to technology. It would be good that China recognized that it should not overtake the USA in anything because USA is capable of doing things capable of achieving its aims. They have an arsenal of everything they can make use of to prevent China from becoming the first.   Weapons can be in the form of economic sabotage, spying, protectionism, economic assasination via the media, analysts and so forth.

I only hope the Chinese deals carefully with each step they take in their relationship with the US. The recent leak by National Security Agency worker, Mr. Snowden about hacking of Chinese organizations by the US goes to show the hypocrisy that exist in the contraditory accusation of China being the hacker.

It goes to show that US govt is not a good guy after all. Quite disheartening as it has always been idol, and I am sadden by what has been revealed by Mr. Snowden about the underhand activities carried out by respectful country.