But through multiple crises, China has motored along, lifting hundreds of millions of people out of poverty in the process.
But things appear to be different this time. Corporate profits are tanking, and the Shanghai Composite is at the same levels it was during the depths of the 2008-2009 crash. A hard landing has hit the corporate sector.
A recently announced infrastructure stimulus showed that Beijing is starting to worry about the depth of its economic slowdown.
But it also signaled that its economic rebalancing has been put on hold.
How did China get to this point? When did exports and infrastructure start driving the economy? And what is driving bearish sentiment now?