ChinaJust in case you'd forgotten, China is now the big economic power. Geithner felt the need to reassure them, the Aussies are starting to get nervous about all the investing going on, "Nor is Australia alone. From the Philippines to Vietnam, China’s neighbors are recalculating the benefits — and potential deficits — of life in the shadow of a newly dominant nation." And, of course, there's Hummer: now a Chinese automobile. It's easy to claim that China will act as a stabilizing economic force, its growth driving imports which will help other exporting countries, but it's also worth remembering that the easy money provided by the Chinese (to keep the Yuan stable vs. the dollar) helped lead to the crash. |
David commented:on Tue Jun 2 23:48:44 2009 |
tyf commented: on Mon Jun 8 04:31:42 2009 |
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