While one agrees with the author on most counts: robust and simple transparency-accountibility laws with strict regulatory capacity for one. That does take care of national wastage as well as corruption, for starters. However it remains useful to remember that China is in a transitional phase. From an earlier communist China to a pragmatic socialist China that envisages a transition to pragmatic capitalism. Within this phase - domestic savings remain a crucial area for buffer as well as meltdowns. Something which is best done at household levels - as a rule. Abundance relative to global standards of abundance should order domestic as well as household consumption patterns. With an emphasis upon quality & durability of products. Including how fast technology seeks to usher in the culture of consumerism - China & the ordinary Chinese would need to emphasize in equal counter-measures of quality-durability while actually increasing their proportion in domestic and household savings. In direct proportion to the increase in income. This simply means that the more your personal income goes up - the more the percentage of it should go into strategic savings - with the Chinese government helping them by introducing gold standards/gold bonds etc. that beat inflation the best.

Stock-market gamblers can often throw up interesting figures while it is prudent to remember that economics isn't a gamble and shouldn't be. Growth should be seen in increased and incremental growth of the personal fortunes of its people rather than focus upon industries and other macro-data.