Asia remains strong and focussed on the long term. Recent grow predictions by the Asian Development bank were revised down to 8% growth from 8.3% in 2008 due to the "US problems" (from memory). That is still huge growth in what is being touted as an apparent "down" year by the media. China was trying to slow their economy anyway. Helpful for them.
India is due to be China's largest trading partner in 2008/2009 apparently. (Due to growth and not just because the US economy is going flat.) US now makes up only a relatively small portion of their exports.
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