Nice piece. As someone who has spent a fair number of years in China, I can only concur with this and the other articles you've written recently. Keep them coming.

I'm consistently dismayed at how little critical analysis is given to remarks made by Beijing when it comes to economic matters.

Considering that most educated foreign audiences know that when the CPC kick up a stink about issues like the Dalai Llama, it's pretty much all for domestic consumption anyway and it's not to be believed, why aren't comments regarding economic matters also subject to critical analysis?

Unemployment in China is ridiculously high. Despite many students getting post-graduate qualifications, I personally know of many who end up doing blue-collar jobs because they can't get any jobs related to their field, despite years of training.

Observe the property market: Take a walk through well developed areas of Beijing - consider for example, the Zhong Guan Cun district, Beijing's answer to silicon valley. It has the Baidu Offices, and just to the northeast of ZGC you'll find the Google offices (yes, they're still there).
Despite this, if you take a closer look at the luxury apartment buildings around there, you'll see that occupancy is alarmingly low, considering how rapidly prices are rising.

There's a great article here which more or less spells out what we should be giving greater scrutiny to:

http://www.smh.com.au/business/the-china-bubble-20100412-s34b.html

"Can China be trusted?"

No.

Can China be trusted ? :)

Yes.. of course it can, it will take a totally altruistic view of the world, and shape it's economy for our benefit, and never ever raise a finger in anger at anyone,.. yep.. it can... be trusted"

http://www.biblegateway.com/passage/?search=2+Chronicles+18&version=NIV

The whole chapter gives context, it's a great read actually.
Verse 14 is 'priceless' :)

It depends upon which brand of imperialism you like.The USA neo-cons at the moment are the most threatening to world peace.They are surrounding China ,threatening Iran and Nth Korea,stealing resources/energy in Afghanistan,Iraq Pakistan.Which country has the worst track record for aggression?It isn't China.