Oilprice's  Instablog

Send Message
The website Oilprice.com offers free information and analysis on energy and Commodities. The site has sections devoted to Fossil Fuels, Alternative Energy, Metals, Economics and Geopolitics. To find out more visit our website at: http://www.oilprice.com
My company:
My blog:
  • Is China’s Success Coming at the Expense of it’s Neighbours 1 comment
    Feb 4, 2010 6:01 PM

    During the decade after the 1997 Asian financial crisis, China was generally seen throughout East Asia as a friendly alternative power-center to the American-led Washington-consensus that told countries in trouble they had to force their banks to declare their bad loans and clean up the political influence of big finance – commands which, of course, the US completely ignored when its own banking & insurance sectors went over the cliff in Black September 2008.


    But in the last couple of years, some of China’s neighbors are beginning to wonder if “friendly uncle” is more of a “roaring dragon.”

    Concern is particularly acute among China’s economic partners to the south.


    After a decade of trade surpluses with Asean [ Association of South East Asian Nations ] nations that ran as high as $20 billion, the surplus through October totaled a bare $535 million, according to Chinese customs figures, and appears headed toward a 10-year low. That is prompting some rethinking of the conventional wisdom that China’s rise is a windfall for the whole neighbourhood.

    Full article at: http://www.oilprice.com/article-chinas-success-taking-its-toll-on-neighbours.html

    Disclosure: No positions
Back To Oilprice's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (1)
Track new comments
  • Tom Au, CFA
    , contributor
    Comments (6879) | Send Message
    Germany's neighbors felt much the same way--in the 1930s.
    4 Feb 2010, 06:24 PM Reply Like
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.