A Relatively Bright Spot in a Sea of Darkness

Despite GDP revisions and export reductions, China has and continues to fare relatively well in comparison to the rest of the world. The Shanghai Composite Index is already up 21.29% YTD, along with a host of indicators that suggest China's resilience.

With the World Bank currently projecting China's 2009 GDP estimate to be 6.5% - although the government itself estimates 8% - China may have to settle with single-digit growth rates, but domestic market strength, effective government stimulus, and overall healthy economic indicators such as recently low inflation prove Chinese strength in the current financial crisis.

The implications of this is highlighted in the most recent editorial of The Economist, How China sees the world