In the second half of last year, when there were already c
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?