MARKETPLACE: "China Urges Its Airlines to Curb Plane Orders," by Daniel Michaels, J. Lynn Lunsford and Patricia Jiayi Ho, Wall Street Journal, 10 December 2008.
A China that was its own demand center would not hold off on these purchases. That it is backing off these planned buys (stretching them out) tells us how not decoupled China's economy is from ours.
In my opinion, it never will be, even as China becomes a serious global demand center in coming years.
There simply is no independent power once you join the interdependent world.
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Comments (1)
A significant rise in the value of the Yuan could change this.
Posted by Mike Frager | January 3, 2009 4:46 PM