But the price of the housing is just uncomprehensible. In Beijing and Shanghai, housing has reached 10000-20000Yuan/mm and above. How can an average working class afford a place of his own? There certainly is something fundamentally wrong with the "sell-land, invest, construction, market, sell" process and system when majority of the people can't afford housing.
I doubt anyone would like China to bunkrupt besides Asian countries like Japan. American government is the backbone of American corporations whose primary interest is earning money. If China went bankrupt, there would be no money to be earned in China.