China's economy is booming..I mean BOOMING...no where to go but down...just ask the Japenese....
yes, China is booming because of the peg. The peg has allowed them to create what is essentially a phony enterprise zone - into which they are sucking western investment capital. the plants being built in china, aren't being built in the western economies - and the jobs are going with that investment, leaving the West with job growth in services, health care, government, education, etc.