Sunday, October 19, 2008

China slowdown? Not likely

I wouldn't be too convinced of the "Chinese slowdown" syndrome. You can bet that China will not let this opportunity slip to steal a march on the U.S. It has huge sovereign reserves, is owed trillions by the US and is slowly (maybe not so slowly) taking control of the US financial system.It will now act more aggressively while they can still deal with a broken Government and devasted economy. Get online and read a selection of Asian newspapers to get a feel.
China is not about to go into a deep sleep but rather will continue the long march.

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