Tuesday, 8 July 2008
Oil price shock means China is at risk of blowing up
by Ambrose Evans-Pritchard
from The Telegraph
7 July 2008
The great oil shock of 2008 is bad enough for us. It poses a mortal threatto the whole economic strategy of emerging Asia.The manufacturing revolution of China and her satellites has been built oncheap transport over the past decade. At a stroke, the trade model looks obsolete.
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