Green shoots in Wuxi offer fresh hope

Reading about China's economic transition in the official press tends to be all good, about solid progress being made every day.

Just as reading about it in some overseas columns gives the impression that nothing is going on except that which points toward a general slowdown or even collapse. But in reality, neither picture is ever that black-and-white.

The time and the risks involved are often widely underestimated or overestimated, depending on what you read and where.