SINGER: China's greater challenge is to asses the risk of that calculus: Should China continue to help prop up our consumer-based economy in the hopes that our own recovery will fuel even greater demand for Chinese exports, or should China let our economy collapse or remain hobbled by refusing to undertake additional purchases of U.S. government and corporate debt (and thus risk destroying our consumerism)?
Similarly, will China be able to stimulate the creation of a lower-class and middle-class consumer society that will add much needed buying demand for their own native industries (largely export oriented until recent years)? Oddly, the very decisions now being made by the Communist leadership of China may hasten the growth of a more capitalist, consumer society, and one that may lack patience with the inbred corruption of a centrally planned economy. I guess it's simply a scenario in which the best advice is: stay tuned.
STREET'S LEADING ONLINE COMMUNITY