US can help itself by helping China

Large-scale economic fluctuations have hit almost all emerging market economies. China's economic growth in the first two quarters plunged to its lowest level since 1990. And the ups and downs in the Chinese stock market, along with the yuan's depreciation against the US dollar, has given rise to speculation, especially in the United States, that the Chinese economy is on the brink of collapse.

But some Western countries have a different view. German Chancellor Angela Merkel and French President Francois Hollande have said they are confident of the Chinese economy.

The fact is, despite the current challenges, China's economic fundamentals are still stronger than that of the other large economies and emerging markets, and the difficulties China faces have been exaggerated. China has a much larger space to maintain its economic growth than the other countries, including the US.