China is looking better than US. But don't kid ourselves

by saying Chinese banking system is solid. The whole banking system was saved once already, not too long ago, all bad debts were wiped out already, before they went public overseas. It's easier to do that in China, for you don't need go through any debate.

However, with current housing market, if that goes down significantly, banking system will be in big trouble again. That being said,banking problem is different the one in US, but it's not solid either.