" With a growing capitalist-style class system, there is also little evidence of socialism in current economic realities. "
That's from the article and that's what I think.
And the correction in the stock market: The Hang Seng is at 19600 it was at 15000 last summer
This was a correction. Nothing surprising - nothing catastrophic and of course nothing that would indicate the failure of the chineese economy.
It's quite daring to stick that to a speak that contained no surprises, nothing new and was good only for inducing sleepyness.
China has many probs:
They have a human rights problem, they have an economic problem and they have a demoscopic problem, they may have a problem with dollar bonds in future times...
But up to now they are doing way better then India (wich failed expectations in BIP rise )
Cheers!