fawnpass

China Slowdown: Biggest Test For Communist Government Yet

While the WP article is probably accurate, so far the chinese dislocations are relatively geographically isolated. And, as the was articulated in the WP piece, the government is open about its actions, and is acting in a rather quick fashion. This is not to say that there won't be contagion, but I think it will be relatively controlled, at least in the short term. As someone who lives in China, I, and my network of contacts in China, have yet to see any financial problems in our areas. In fact, I see people that were tight with money last spring due to high inflation, openly spendng on mid to large ticket items, with recently increased discretionary income.