The picture of the Chinese economy painted by commentators in the West is often one of strength; an economy dominated by exports, with unstoppable growth and development; in short, a model to emulate. Recent figures released by the International Monetary Fund, however, describe a very different situation; a situation where contradictions are intensifying below the surface; a situation that is pregnant with crisis and revolutionary consequences.

The dominant intelligentsia with its constricted outlook, shackled in the fetters of an obsolete and redundant capitalist ideology, is now the merchant of doom.

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