With predicted growth of 9% over next three years, should we grateful that we are not in the same state as Europe, Britain and America, or should envy China with predicted growth of 25% in same time?

No you shouldn't be envying China Amit,as the country has government debt running at $540 billion.The government is printing money 24/7  to try and hold down the value of the Yuan, by increasing credit to 200% of its GDP.If the economy goes under, China will end up having to be bailed out by the likes of the IMF.