The Problem With the Chinese Economy

I wonder does what's happening in the Chinese economy really have more to do with structural issues in the economy sort of deeper forces at work yeah. I mean it makes sense that a kind of real estate bubble would be playing a central role here but then  it raises the question of why did that real estate bubble get blown up to the size it did. There are two different lines of Western understanding of the problem they didn't necessarily have to be radical alternatives but they are quite sharply differentiated in commentary. The political shift that begins with Xi Jinping's assumption of power in 2012 2013 and theshift after that towards a more politically ideologically capricious personalistic regime which undermines the private economy. That