QUOTE (kapkomet @ Jan 11, 2010 -> 09:48 AM)
If China sneezes, the rest of the world gets really sick. Or something.
It's sort of a provocative point. Basically in my lifetime, can you name any economic sector that has undergone massive growth which hasn't been followed by the bursting of a bubble in that sector? Internet, banking, housing, even foreign countries such as SE Asia, energy/commodities, etc. Isn't the expectation now that China grows at 8% a year? Isn't that typically exactly what a bubble looks like?