China, the world’s second largest economy, is growing in importance by the day. Already the communists have begun helping the world out by buying US government securities which in turn have financed the US budget deficit.
Now China has embarked on an economic stimulus package that is reported to be tens of times more powerful than our own VAT cut and bigger still than what Obama is doing.
The Chinese are desperate for their rate of economic growth not to fall below 8% and trust me, you don’t want them to fail. If you think trading conditions are tough now, if China falls by the wayside you might as well get your coat.