China Cannot Save the World from Crisis « Asia Left Observer

In 2011, the international crisis entered a second stage. The crisis in Europe is very serious and the USA is not in a much better situation. A second recession is coming and there will be a new slump in world trade. Chinese and Asian exports will be hit again and the question is whether China and Asia will be able to resist the new trade contraction with a massive rescue plan again? There are reasons to be pessimistic. China and the Asian countries cannot launch massive public expenditure or massively expand credit every two years. The last rescue plans have already created problems that are not yet resolved: in the Chinese case, a sharp increase of non-performing loans in the banking sector, inflation and speculative bubbles in real estate and in the stock exchange.

via China Cannot Save the World from Crisis « Asia Left Observer.

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  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
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