We have a Chinese economy that might be shaken but far from broken. With an economy that is expanding with nearly 7% in times when most other economies are around 1 or 2% if it is on a expanding curve at all. But while we might fear that the Chinese will come and take over all the business and economies of the western world this is not something that would happen anytime soon simply because it would be bad business. China simply have too much on its own plate for it to be concerned with even more problems, which comes with large accusations.
This interview with Lewis Wan, chief investment officer at Pride Investments Group Ltd. in Hong Kong. Gives some insight into the thinking http://youtu.be/AlkgK8Ky9l8
While the Chinese might be huge in terms of foreign direct investments it is something that they themselves can control and keep within the family so to speak. Doing hostile takeovers of western companies moving control to overseas management will not only be bad for European businesses but also be a poor investment at least for the time being.
- Chinese economy continues to grow (forexlive.com)
- Can China save the world again? (theglobeandmail.com)
- Debt crisis: EU ‘refusing to recognise China as a market economy’ (telegraph.co.uk)
- China’s got problems of its own (ampontan.wordpress.com)