China and the Economic Crisis: Cold Winter

A butterfly flapping its wings in New York may eventually cause a storm in Beijing. Well, how about a devastating tsunami in New York? In the last month, the world has watched the American financial crisis unfolding day-by-day. Ripples from Wall Street spread to each corner of the global economy. When this financial tsunami finally hits China, should we expect the earth to shake and a collapse of the Chinese economy?

The World Today Published 1 November 2008 Updated 15 October 2020 3 minute READ

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