That linked Michael Pettis interview is very good.
What happens in China depends on the willingness of the current ‘winners’ to accept more winnings going to the current ‘losers’.
Historically most countries find this is a stumbling block as the winners prefer to wreck the joint than allow lazy leaner ‘losers’ a leg up.
Hope China are not hoping that Australia will provide them with a roadmap.
Mr Abbott’s team seem very keen to maximise opportunities for ‘winners’ to keep on winning rather than create conditions for more winning by all.