China's Economy Goes From Boom To Bust -- IBD EditorialsGlobal Crisis: The news these days is filled with stories about the euro zone economies and their ongoing crisis. But another, potentially bigger and even more important crisis is brewing — this one in China.
Amid seemingly endless stories about the Chinese Miracle and how China's soaring economy is about to overtake the U.S. comes news that suggests the death of America as No. 1 may be exaggerated — and, in fact, may be dead wrong.
Indeed, China's economy may be on the cusp of a major growth reversal.
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My Comment: All good things come to an end, and one day China's booming economy will end. Is that time now .... hmmmm ..... let us hope not because its impact on the global economy will be pronounced and long lasting.