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Reasons to be bullish?(LETTERS)(Letter to the editor)

Nouriel Roubini ("The Coming Financial Pandemic," March/April 2008) offers a useful exploration of the limits of the U.S. financial crisis. Just as during the Asian financial crisis in the late 1990s, the China-specific version of the question "will they, or won't they?" is central today. Then, the question referred to whether China would join the opportunistic currency-devaluation crowd and throw gasoline on the fire. It did not. Now, the question is asked in terms of how vulnerable China is to a slowdown. But if China maintains even 9 percent growth in 2008--down from 11.4 percent in 2007--its marginal contribution to the world economy will still be $300 billion or more, ...

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