I think a lot of people talk of China but (as always) get divided up into camps, but don't talk about the facts.
Economically some describe China's economy as "good" or "bad" or "small" or "big"...but none of those are qualifiable measures. What one considers "good" is merely subjective, thus adding to the division amongst camps regarding China.
Of those 4 camps he mentioned, I am probably 40% in the second camp, 25% of the first and third camp, and 10% the last. I would be a pie chart of all of the above, not one or the other.
The only way we will end up with the last one is if we REALLY push them on it and seriously require it of them. It won't happen any time soon though.