US-China economic decline as the global savior infection.

<P>: Http://finance. Hearing, who can save the world economy? .May be China. .In the international financial markets, leading Wall Street as subordinated debt and disease that plagued the recent, but as the representative of the emerging Chinese market is expected to immune, and even began to lead the mature market. .</ P> <P> According to Reuters, the U.S. S & P index last Friday (27) hit the biggest decline in nearly five years, but Monday (30) China not only did not follow Wall Street down, also rose 2% ., reaching record highs. .Even Hong Kong has always been to go along with the U.S. stock market, but also uncharacteristically upstream along the mainland and other Asian stock markets led to the good. .Asian stock markets hold, there is no slack in global capital markets morale of the troops, the U.S. stock market also rallied on Monday. .</ P> <P> Thornburg Investment Management in the United States fund manager, said Wang Lei, a useful buffer to the rise of China as the center of the U.S. international economic landscape. .A view that is rare among the overseas investment, most people think the Chinese market bubble is too large. .However, always remind them of Wang Lei, China's economic revival and take-off may be an unprecedented, or since the matter. .Especially in the industrialization and urbanization, international backdrop, China's economic development impact of large scale investment, investors should be with them. .</ P> <P> capital firewall </ P> <P> spreading U.S. subprime mortgage crisis, debt mortgage debt trouble, a credit crunch. .Corporate bond market plunge, private equity funds, leveraged buyout can not raise the funds needed to make a lot of concerns that bank loans may become bad, rotten in the bank account. .</ P> <P> year depreciation of the Thai currency, led to the spread of the global financial crisis. .United States as the locomotive of the international economy, its impact was even greater problem may be that investors are worried about. .</ P> <P> Although China still can not withstand the impact of the U.S. level in the trade, but in the capital level, China's capital controls give the market a protective wall, hard by the U.S. mortgage industry problem. .China's huge foreign exchange reserves to establish a Great Wall against external crises. .</ P> <P> last week, rating agency Moody's raised South Korea, mainland China, Hong Kong and Macau ratings. .Moody's said, and China, compared with 1.33 trillion U.S. dollars of foreign exchange reserves, the amount of its external debt is negligible, which makes insulation China can and external shocks, but also allows the Chinese government has enough space to carry out internal reforms. .</ P> <P> local infection </ P> <P> U.S. banks and other financial institutions in pursuit of returns, risk control relaxed, lending to hedge funds and private equity funds of the conditions are too loose, add this to the large companies .a layer of the acquisition premium. .But the leveraged buyout is not common in Asia, Asian stock markets did not appear artificially high because of this reason. .</ P> <P> problem now appears the United States but also of local infection. .HSBC announced results for 30 days, said America's problems did not spread to other places, the global economic decoupling beginning to appear. .Although the question of the U.S. housing market surge to HSBC's bad debts, but because of outstanding performance in Asia, there are still double-digit earnings growth. .Hong Kong profits up a quarter surge 37% in other parts of Asia and the Pacific. .</ P> <P> U.S. operations is not satisfactory, business is booming in Asia, seems to have become the main theme of the performance of multinational corporations. .Economists expect U.S. economic growth is expected this year as the euro zone, Britain, Australia and Canada and other major developed countries. .According to Federal Reserve data, U.S. dollar against major world currencies has fallen to the lowest 90. .</ P> <P> dollar weakness to further promote the investors to put funds to non-dollar assets, the United States the proportion of overseas investment by mutual funds continued to rise. .Investors investing in emerging market stocks have tasted the sweetness. .According to Citigroup data, the recent fund flows into Asia around record high of $ 6,000,000,000 for the Asian market, capital feast has just begun. .</ P>.