Does Communist China Affect The Global Economy?

Last week saw one of the greatest stock market plunges since 2001. The world’s industrial nations have, seemingly, placed all of their eggs in one basket. That basket is China. Last week China’s stock market faltered. Thus, triggering a plummet of the world’s major stock markets. Add to this equation the fact that the world’s largest economic power, the United States, is deeper in debt than at any time in it’s history. One of the US’ largest creditors is, interestingly enough, Communist China.

I think it’s time for US business to take another look at the basket that it has placed all of it’s eggs. What do you think? Your comments are always welcome.