Martin

No, and I am admitedly lacking in detailed knowledge on that part and will therefore not comment on it without further research.

The general logic I used, open for critique - not claimed as absolute truth, was that even if a depression or recession hits China, it can reform and become stronger from what it has learned. It would hit a country that has tasted success and that has acquired experience, an industry base, educated segments of the population, and organizational and economic knowledge. Add a growing dependance, although not complete, on China.

If they will have to fight, economically and politically, to reacquire that position they seem to have the resources to do it and the knowledge to avoid previous pitfalls. Hence they might be able to rise above where they were before.

If I'm completely lost in the forest, tell me and I'll be quiete.