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Let's keep in mind that while the US is a major trading partner for the PRC, it is not the biggest. A chanllenging environment to be sure especially as regards the PBOC, but by no means a disaster announced in advance.

Fai de bèn a Bertrand, te lou rendra en cagant
by redstar on Thu Aug 7th, 2008 at 05:09:32 AM EST
[ Parent ]
That's why this:
whether China can successfully sidestep the worst of the impact of the recession that will be coming to the US
... is an open question, regarding having an effective strategy and implementing it successfully, rather than a question where the answer is known in advance.

The Chinese can weather an American recession. (17 Sept. 2007)


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 Aug 8th, 2008 at 01:05:46 PM EST
[ Parent ]

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