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If the American consumer cuts back sharply China will have an ugly recession.  And they have a lot of structural problems that a rapid growth rate is papering over.

My gut is we'll get to see who's right pretty soon.

by HiD on Fri Sep 14th, 2007 at 05:26:18 PM EST
[ Parent ]
They certainly do have a lot of structural problems ... of course, so did the US when it overtook the English economy as the largest economy in the world.

There will be some broken glass, but they can weather an unsynchronized recession in the US.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Fri Sep 14th, 2007 at 07:25:51 PM EST
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