Very nice ideas, but in reality our little ESL thing that we sometimes do; isn't really of that much importance... Other businesses will start failing before ESL businesses do. The services that we offer are often just non-essential expenditure, even at public universities; the government will most likely invest in areas that really can stimulate economic growth, language schools have always been relatively underfunded.

China's got far bigger things to worry about such as the inefficient old SOE dinosaurs that will have to face the chop sooner or later. That will put many of the already most economically disadvantaged people in society out of work; it will also upset some powerful people within the party too that will resist change, because if Xi Jinping can actually clean things up, many of those powerful, rich people will also lose out, or even lose their lives.

China has a lot to gain if it gets the transition process right. A leaner, meaner China will emerge. However, I wouldn't suggest that the China fanboy club get too excited yet; there's one hell of a lot of pain to go through, regardless of the final outcome.