Recession touches China

ARTICLE: Hu Sees China Losing Its Competitive Edge, By Maureen Fan, Washington Post, December 1, 2008; Page A12

You see the pattern: only the disconnected see any "win" in a global recession.

Comments

[farhad]

In order to see the pattern,you have to see the roots of the problem.why is it nobody talks about that,why is it 14 years after declaring the end of history by Daniel Bell type & for ever lasting of the liberalmarket rules(he claimed end of idiology as well),the coming of post-industrial,post-modernist,post-marxist,...ect,now where are we at ?what we sought of the world then,& where we arrived at.yes it is theend of the history as we know it,but it is the bigining of new history.of course,to Paulson & Bernakie that are injecting trillion of dollars in the finanical market,the problem is liqiudity,in fact Bernakie as a moneytarist(like milton friedman),his phd's thesis was based on the study of the 1929-33 crisis,where he believed the reason was lack of liqiudity from federal bank that didin't save the banks,as result thecrisis happened.We need to ask him,how come in matter of two month you injiected $1 1/2 trillion and agreed to cover $ 7 1/10trillionmore injection,but not only the finanical market hasn't calmed down,but it has spilled over to general economy,and the destiny of the economy is in a situation that even the most optemestic & conservative economists still don't see any light of hope in the end of this dark tunnel.to me this resembles a defeated army,where instead of retreat & regroup(mend the injuries),with full speed are running forward,& as a result more serious injuries & casualties.The long term danger of these actions from the Gov. is very great,for oneis the danger of inflation(this be long to explain).what i see,is not justeconomic crisis,but acutally this is a political crisis.