A commentary piece in the People's Daily (via MNI)

  • Denies that China is a source of recent global economic risks
  • Says the global economy continued to fluctuate even during China's week-long Chinese New Year holiday ... stock markets were closed & there were no abnormal fluctuations in the yuan exchange rate
  • Says China acts as a driving force for the world economy based on consumption data that showed almost 6 million people travelled overseas during that holiday period, which could bring about CNY90 billion worth of consumption

Stick that in your pipe and smoke it.