Just in case you'd forgotten, China is now the big economic power. Geithner felt the need to reassure them, the Aussies are starting to get nervous about all the investing going on, "Nor is Australia alone. From the Philippines to Vietnam, China’s neighbors are recalculating the benefits — and potential deficits — of life in the shadow of a newly dominant nation." And, of course, there's Hummer: now a Chinese automobile. It's easy to claim that China will act as a stabilizing economic force, its growth driving imports which will help other exporting countries, but it's also worth remembering that the easy money provided by the Chinese (to keep the Yuan stable vs. the dollar) helped lead to the crash.

David commented:

I couldn't find a way to work in the Economist's recent article on this topic: Crouching tigers, stirring dragons, but it's also interesting - in general the BRIC economies, or at least India and China (I don't know enough about Brasil or Russia to say) seem well poised to take off.

on Tue Jun 2 23:48:44 2009

tyf commented:

China is one of the most promising country when it comes to auto industry.President Barack Obama has said both Chrysler -- which is hours away from a do-or-die restructuring deadline -- and General Motors can survive the US auto industry's crisis and then thrive.After earlier casting doubt on Chrysler's viability ahead of Thursday's deadline, Obama said Wednesday prospects for the number three US carmaker appeared rosier as creditors agree to concessions and Fiat works on a tie-up.Pohanka Chrysler Dodge is one of the legions of Chrysler dealerships that are going to be closing, and the owners are not happy about it.  Pohanka Chrysler Dodge will not be able to sell any of its new Dodge or Chrysler vehicles after June 9th, which means that they have to move inventory as quick as they can for deep discounts of up to 40% or more.  The Chrysler bankruptcy has forced many dealerships into this position, and the dearth of funding for unsecured loans for new cars makes the problem worse.  The dealership will sell used vehicles from now on, but it still means Pohanka Chrysler Dodge will need a good cash advance to move inventory.

on Mon Jun 8 04:31:42 2009

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