"Can't help thinking that while the west is busy sinking money...

"Can't help thinking that while the west is busy sinking money into banks the Chinese are rubbing their hands with glee and patiently waiting to take stakes in our big resource companies to shore up their future. They have the money - our companies are cheap - and they know they have to have the resources into the future."

Guys
China will be massively impacted by the current crisis. Consumption in the EU and US will decline rapidly. Chinese exports will plummet. This will lead to the loss of thousands if not hundreds of thousands of jobs. This will necessarily lead to domestic difficulties for China. The domestic market is simply not developed sufficiently to absorb this fall in demand.

China has every incentive to help stabilise the global financial situation as soon as possible. However, as the article below points out China will need every penny (sic)to save itself for the reasons outlined above.

China has already been burnt buying overseas assets at inflated costs.

http://seattletimes.nwsource.com/html/nationworld/2008257400_econchina12.html


what this way, comes
Lekki