I heard China was just a buble,a big mall with no shops,sky scrapers with not people,a fake ecomomy?Is this so?

All apparently good looking news …however under the surface of China there are substantial cracks in the economy. This Chinese economy currently only includes about 25% of the population…the rest of the population are gaining only marginally from all the "progress". The Chinese government is making great efforts to grow the middle class but there is still a long way to go before consumerism becomes similar to the western model. Few retailers who have gone into China make any profit…Chinese people are skilled in making their purchases and most will find a small business that will supply their needs at a good discount…it is in their blood not to overpay for anything. The Chinese are very brand conscious but will not overpay for anything – now there are many Chinese brands being developed that are as desirable to the Chinese as any of the foreign brands. Even the very wealthy Chinese [who will flash their fashion brand names and big cars] will buy most of their goods at the very cheapest they can. Saving is the Chinese way and will always remain so for the foreseeable future. Factory and other semi-skilled labor rates will remain competitive for many decades to come …there is a steady and ready supply of rural migrants who will continue to move towards the eastern & southern industrial hubs and China needs all of those exports for their own economy to continue to thrive. Margins in Chinese businesses are very thin and they are skilled at keeping them that way because they want and need the orders. Go from factory to factory for the same product and the price difference will be minimal – it is not collusion…it is fierce competition. Whereas the figure of $2.3 trillion is a very impressive performance – especially taking into account where China came from in the 80's – it is not sufficient in itself to shelter China from the vagaries of a downturn in the economy. $2.3 trillion would soon get swallowed up if the Chinese government did not retain it's firm hold on the economy's purse-strings. It is hard to countenance any significant revaluation of the yuan – the Chinese may engage in a short-term token revaluation but it is clear to someone who spends most of his life in China [living with the Chinese - not with ex-patriates] that the trend of thought in China is that the yuan will be held down and exports continue to be the engine of growth. If there were increases in consumer spending on items such as cars and white-goods then it was only because there were bargains available – this trend will not be sustained in the long term. Chinese people traditionally will save as much as 50% and more of their income as they have a pessimistic outlook on the future and always will save for a rainy day – just as the Government has…and will continue to do so. You must remember that if you do not work in China, you don't get any state aid & you don't eat…so savings are more important in China and always have been. China will continue to grow…at their own steady pace and in their own inimitable manner and they will not be fazed or influenced by any outside influences..and their population are very proud & supportive of the efforts of their government. Yes…Mao & the Cultural Revolution & The Great Leap Forward wreaked havok on their economy and the culture and the people…but they learned a lot from that and have stoically continued onwards despite all that…and yes…there is great corruption [in what country is there not any corruption?]…yes…there are dissidents & yes..there are many complaints and injustices but by and large the government has the support of the great majority of the people in their efforts to build their country back to where they perceive it should be before the colonial powers of Japan, England, Germany, Holland, Italy, France, USA and others pillaged and manipulated their great country over many generations. Their nation is in the ascendant and they know it and will continue unabated in their great project to raise their entire population towards a better life. They will balance their needs against the need to maintain their competitiveness in the global market and this will not include measures that will dampen exports. The yuan will remain more or less where it is or maybe even a little devaluation might be on the cards. The Chinese need no advice from outsiders as to how to run their business and they have become very adept at running that business and will continue so to do.