I admit, my economics knowledge is limited. But if the repeated bubble/burst economy of US has taught us anything, having economics knowledge in the grand scale

I admit, my economics knowledge is limited. But if the repeated bubble/burst economy of US has taught us anything, having economics knowledge in the grand scale amounts for jack shit. Its really hard to predict, precisely whats going to happen with the economy when your country is as big as USA/China. You can only have good guestimate. Having said that, my problem is with this kind of sentences: >China's bubble is about to burst. What does "about to" means, when you have been reading about it for the last10 years? Is it tomorrow, next year, 10 years from now? One things I understand about economy of developing country (and yes China is one despite being second largest economy) is that, there is always some scope for growth. Unlike matured economy like USA/European countries where almost every aspect of the country's economy is tied to each other. If something goes belly up, it usually affects other parts of the economy. This is not usually true for developing countries like China. They don't depend on a single source of market to survive, there is always some scope for growth and something else to pick you up from the slump. Developed nations are like almost full glass of water, you have to be careful how fast you try to feel it up. Developing countries are like quarter/half-filled glass, if you try to fill it up too quick you might slosh a bit of water out of the glass, making it messy, but you can afford to fill it up quickly.