This really reminds me of all the navel gazing in the U.S. during and after the boom years (pre-2008). All of the moaning about how much stuff Americans buy, including large homes, was seen as the root cause of the recession. Some commentators in China are warming up to the same argument:
Yu Bin, head of [...]

The US dollar has hit a 14-year low against the Japanese yen. The Europeans and the Japanese are pissed off, coordination is necessary, and the US and China are locked in a death grip as the dollar continues its slide.
Trying to get folks to stop betting on a revaluation of the RMB is a losing [...]