[kore]

If we're talking about 1980s Japan, all of the talk about trade war could be a greater risk to Chinese stability. As with Japan back then, China's growth has been breathtaking, but it's also awash with bad debt from a banking environment where social relationships are more important than economic discipline. The weak links in their economy just haven't been culled.

If growth slows, reduced cash flow could put some immense pressure on their banking system as loans fail. Their bad debt rate was already thought to exceed Japan's at its worst years ago.

Then again, people have been predicting Chinese growth can't continue for years.