There are problems and challenges in the Chinese economy. The risk of food inflation sparking social instability is the biggest one at the moment. Not surprisingly, it's the one getting a lot of attention from the Chinese government. But the risks, in my view, are far outweighed by the numerous opportunities and the undeniable macro forces working in favor of a number of tech, mobile and Web companies.
Let the China bears wring their hands, while others move forward and make money.
(At the time of publication, Jackson was long SINA, AAPL, YHOO, and short YOKU.)