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The two fastest growing modern markets, China and India, are not heavily dependent on exports to industrially developed countries, but are developing independently due to booming internal demand.
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So China no longer needs the USA as a market, but rather can turn on a dime and sell all of the products they have been exporting to their own citizens?  How did I miss this news?

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat Jun 20th, 2009 at 12:23:06 AM EST
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By not reading Russian analysts? ;)
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Jun 20th, 2009 at 02:21:43 AM EST
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