Peking University in Beijing
China Could Be Dragged Down by Wall Street Crash: William Pesek
Submitted by loner on 4 October, 2008 - 12:08am- Asia
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- wpesek@bloomberg.net
Oct. 3 (Bloomberg) -- Few questions confound economists more: What might tip China into the meltdown that so many have feared for so many years?
Possibilities include overheating, social instability, corruption, pollution, debt crises, war over Taiwan and a post- Olympics growth swoon. It's a perfectly rational expectation. No rapidly industrializing nation has ever avoided some kind of crisis, least of all upstarts in Asia.
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