An upsurge in concern about China

• The Economist points out that the Chinese current account surplus has started shrinking. The aspect of Chinese rebalancing where change has not begun is consumption.
• Prieur du Plessis talks about a Hugh Hendry video clip on a real estate bust that might be underway in China.
• China: Bogus boom? by John H. Makin.
• Washington risks taking China too seriously by David Pilling in Financial Times.
• Brace for a decade of lower Chinese growth by Michael Pettis in Financial Times.
• The China Bubble's Coming -- But Not the One You Think by Vitaliy Katsenelson in Foreign Policy.
• Yves Smith on China's construction boom on RGE Monitor.
• It's not easy to internationalise China's yuan by Philip Bowring.
• An old problem on China's new frontier by Konstanty Gebert.
• China could use some honest talk about race by Howard W. French.