The problem is that China cannot create a consumer. Did you read in the story that the shopping malls are empty, as the people are either too poor, or too much savers. The wages are not high enough for them consume their own goods. For this reason, they need to revalue their currency. As long as they remain export dependent, they will have a recession right along with us. Read Roubini = he explains why the entire world will go into a bear market when the US goes into a recession.
