Stephen S Roach

Chi­na is per­fect­ly ca­pa­ble of ad­dress­ing all sets of chal­lenges si­mul­ta­ne­ous­ly.

Giv­en cen­turies of tur­moil in Chi­na, to­day’s lead­ers will do every­thing in their pow­er to pre­serve sta­bil­i­ty.

The mea­sures used to over­come the Asian fi­nan­cial cri­sis should not be over­looked by Eu­rope.

In­creas­ing in­ter­net ac­cess in Chi­na can only ac­cel­er­ate the speed of its ex­tra­or­di­nary de­vel­op­ment jour­ney.

Chi­na and to a less­er ex­tent In­dia are po­si­tioned to meet chal­lenges re­sult­ing from the down­turn in the world econ­o­my.

A drop in ex­ter­nal de­mand means Asia must fo­cus on its own 3.5bn con­sumers.

Blam­ing Chi­na for big US trade deficits is mis­guid­ed – in­stead, the Unit­ed States should be look­ing square­ly at it­self.

If the gov­ern­ment im­ple­ments an­oth­er ‘strate­gic tran­si­tion’ fo­cused on con­sump­tion, Chi­na’s econ­o­my should re­bound.

With con­sumer con­fi­dence tak­ing a dip, Amer­i­cans will a feel rip­ple ef­fect from the drop in spend­ing.

Chi­na may soon be fed up with US fis­cal in­tran­si­gence and show it by halt­ing the pur­chase of the dol­lar.