Chinese economy is collapsing. We all know that right? All of us except about a billion Chinese, many of whom are out enjoying themselves like there’s no dire tomorrow.
At just about the time that the west recently awakened from its summer market torpor to get into a right panic about Chinese growth, Liang Lulu and her friends were taking a passel of kids out for a night at a Chinese caravan park — just for the sheer fun of being a member of the nouveau middle class in China.
The kids — for whom the gruelling school year starts on Tuesday — were darting in and out of the caravans at the Chongming Dongping Forest Park, about an hour outside Shanghai. And the mums were having a blast taking selfies of all the merriment. It’s enough to make one wonder why they were not inside watching grim prognostications about the Chinese economy, on the caravan’s flatscreen television. Instead, they were doing what China’s State Council, or cabinet, recently decreed they should do lots more of: taking time off to spend money and boost the domestic economy.