So the Stock Market is not an index or indicator of the aggregate of companies that are represented on it. It is just a device to create money out of thin air based on projected profits, which in turn are based on future market activity.
The markets in the future are obviously projected to be a whole lot better than the current markets, because, just by the sheer numbers in population growth, resource usage and production, there will be far more consumption and sales to the starving wage laborers.
The Chinese stock bubble is misrepresenting their bubble far more than we are.
The Chinese economy, by which is meant its ability to generate consumption for profits, is slowing down quicker than anticipated, and therefore the Chinese national bank has to devaluate its currency, and "infuse money" - fake fiat - into its economy, which is not represented by its crashing stock market.
We cannot buy stuff anymore because we are up to our ears in debt, because you know, we just have to survive, so the government should spend the this fake fluffy stuff, so someone can say that we are solvent. Never mind that we our basic support system, on the strength of which we are called developed nations, needs some serious attention.
I maybe completely wrong, but that is what I read.