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Now is not the time to sell China short

The risks for the country are real as it morphs into a consumption-led economy amid a slowdown, but Beijing can handle the transition without unrest.

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Over the next 20 years, another 300 million people are expected to move from the countryside to Chinese cities. Alibaba, Wanda and many others are plugging directly into this burgeoning, consumption-led domestic economy.

CHINA continues to dominate discussions about the health of the world economy. Many are concerned about its slowing growth and its ability to manage the difficult transition from a controlled economy dominated by manufacturing to a more open economy with greater reliance on domestic consumption