What many on this thread doesn't realise is that China is a command economy with its currency tied (+/- ) to the USD.
China managed the US induced GFC better than most economies and in fact it was reason that Aus did not go into a prolonged recession.
I'm keenly aware that the Liberal/Democratic/Free Marketeers will hold up the western metrics to China as if it were to be the USA...but of course, its not. Neither is the USSR.
China has a unique mix of State Capitalism and private enterprise with enormous manufacturing and trade capabilities and IMO it has the best economic brains in the world (including those it buys) to plan long term ahead while our political economy is very short term in outlook and prone to boom and burst.
