From Rian.ru: China is a true “island of stability” amid the raging financial crisis. Given its huge international reserves, assessed at $1.9 trillion, it can maintain its own stability, but it can also help developed countries overcome the crisis.
Is it ready to offer the money? And will anyone take it? There are no prerequisites for a large-scale crisis in the Chinese economy. An economic shock, let alone a recession, is unlikely in China because of its solid economic health and reliable protection from external risks. …. Full Article: Source