China won't save the world from the financial crisis

[Swanny]

In yet another crushing blow to investors around the world, economists have dashed what some saw as the last remaining hope for a “miracle cure” to the global financial meltdown: China is not going to save the world.

As the financial crisis has spiralled, some have treated the relative silence of Beijing as a tantalising sign: China has vast foreign reserves, a huge sovereign wealth fund and has previously demonstrated its willingness to invest heavily in Wall Street. Many have been holding their breath for a dramatic move by Beijing to step in and calm nerves where Washington has failed.

Why would they want to?? They are now the number 1 superpower.

http://business.timesonline.co.uk/to...cle4912632.ece