Are They Talking About The USA or China???

“Virtually nobody foresaw the Great Depression of the 1930s,” reads a statement issued by the Bank for International Settlements (BIS) this week, “or the crises which affected Japan and southeast Asia in the early and late 1990s. In fact, each downturn was preceded by a period of noninflationary growth exuberant enough to lead many commentators to suggest that a ‘new era’ had arrived.
“The Chinese economy seems to be demonstrating very similar, disquieting symptoms,” the bank said. The BIS went on to call China’s growth “unstable, unbalanced, uncoordinated and unsustainable.”