[TigerLikesRooster]

P!

[Frank_2001]

THAT’S RACIST!!!;)

[RayChuang88]

I think we're forgetting many of the current generation of economists working for the Chinese government now have a foreign college education: Ivy League colleges, Stanford, UCLA and UC Berkeley, University of Chicago, Oxford, Cambridge, etc.

When Chinese economists express doubt about the Eurozone, the whole world listens.

[dila813]

“The commentary came days before French President Nicolas Sarkozy is due to meet Chinese President Hu Jintao in Beijing”

It is a state newspaper, they always do this to welcome a visiting head of state ... it is their way.

The question is how much of it is real and how much is hyperbole meant to wring something out of the French.

[ponder life]

One thing we need to keep in mind, is that there is a difference between the EU and the eurozone. The EU is made up of 27 nations whereas the eurozone is 17 out of the 27 nations in the EU. Britain, for example, is in the EU, but not the eurozone.

The eurozone will likely be saved by kicking Greece and Portugal out, but they would still be part of the EU as the other 10 nations are. Greece and Portugal will have to default on their debt, causing a plunge in their economy and inability to borrow for a very long time. But at least the eurozone will be saved.

So, I believe the eurozone will survive. Unbeknowst to many people, is that China's exports to the EU can still grow despite a stagnant EU. And that is because, China is moving up the value chain. In fact, a stagnant Europe and North America may actually help China move up the value chain as Western companies seek Chinese investments.