Naysayers have been predicting the demise of China for the past thirty years. See Gordon Chang, idiot extraordinaire.<p>The reality is that growth, in the long-run, is now in Asia (think of the hundreds of millions of Chinese still living in the countryside...).<p>This round of modernization (the third wave, after England, America+Western Europe) involves 4BN people led by India and China and they&#x27;re just getting started. Take a pause and think of what that means. Four billion. BILLION.<p>We&#x27;re entering the age of Asia. Just wait and see.<p>I think the bigger fear in China (at least amongst the leadership) is some crazy environmental disaster. Think of the hundreds of millions that live on the Yangtze... a massive flooding event that wipes up power&#x2F;clean water is much more likely cause of revolution than an economic meltdown.<p>The US can barely handle Katrina... China is 10x more dense. Something like that would be death knell for CCP control.