How Come.... Would China Bail Out the Global Economy Again?? Let See...

Would China give their magic to lift up the global economy?, For a global economy already jittery over sovereign debt risk in the U.S. and Europe, last week’s 500-point freefall in the Dow Jones Industrial Average helped resurrect fears of a dreaded double-dip recession. The downgrade of U.S. debt by Standard & Poor’s on Friday has only fueled those fears further.

Accroding to WSJ, The first dip would have been far more frightening had it not been for China, whose $586 billion stimulus plan in 2008 kept the country’s economy growing briskly and helped ensure the rest of the world didn’t grind to a halt. Can China be counted on to do the same in the event of a second slide? Based to University of California, Berkeley economist Barry Eichengreen, says. the answer is NO. Asia should be “very” afraid of a double-dip recession, Mr. Eichengreen writes at East Asia Forum, adding that the world’s second-largest economy isn’t where it was in 2008, So USA should be help himself