We _know_ that the UK, and while it isn't within my direct sphere of knoweldge, it seems common knoweldge the US too are in a fairly dire financial situation, though their AAA credit rating and various other orchestrated advantages cover that for them (oil bought in Dollars for example). Also we can see that plenty of other countries that don't have similar advantages are closer to real trouble (Greece being propped up by massive EU funding, Spain also are cutting a very fine line).
What exactly is there to find calming about this smoke-screen information? That China might not be in as much trouble as us? I guess considering the incredible amounts of Dollars they hold that might be comforting incase they start to sell them off. Or that if they aren't in so much trouble then perhaps we aren't either? I can assure you that that isn't the case whatever the truth about China.