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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