Friday, June 01, 2007

Contradicting forecasts for China?

Both from Asia Times:

Politicizing China's stock market bubble

Because they know a crash would be far too politically damaging to China's leaders while the spotlight is on them, the country's investors are confident that Beijing will not take harsh measures to deflate the country's stock market bubble until well after the 17th National Congress of the Chinese Communist Party in the autumn. - Wu Zhong (May 29, '07)

Make way for the Chinese giant
The rapid expansion of the Chinese economy is putting the resource-rich Asian powerhouse in a global leadership position, gradually displacing the withering, debt-ridden United States and emerging as the new giant on the block. - Walter T Molano

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