>He's gone on record that there's going to be an explicit or implicit write down, and China's average GDP growth is going to be well below 5% (averaging more li

>He's gone on record that there's going to be an explicit or implicit write down, and China's average GDP growth is going to be well below 5% (averaging more like 2-3%) by 2020. But I'd hardly describe that as a "reckoning". It sounds more like a predictable "regression to the mean" China's unprecedented growth is unsustainable; people know this. Case in point: this article.