One good picture is worth a thousand words...
Can China alone pull the world out of the mess?
I prefer to look at the numbers. Numbers don't lie: China has 20% of the world's population, 7% of world GDP, 6% of world land area, below 100th in average income.
Imports 1.2trillion from Japan 13%/EU 12%/South Korea 11%/Taiwan 9%/US 7%. Export 1.4 trillion to EU 20%/US 18%/HK 14%/Japan 8%. Most of these countries/regions are at recession.
See you next year!
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