China condemns US ‘punitive’ trade measure and is to appeal against the action:

The Chinese steel industry has strongly condemned a US move to slap preliminary anti-dumping duties on steel gratings imports, and is likely to appeal against the measure.

The US Commerce Department said on Tuesday that it would impose duties of as high as 145.18 percent on imports of steel gratings from China, in a bid to offset “unfairly low” prices and help American counterparts become more competitive.

http://www.chinadaily.com.cn/bizchina/2009-12/31/content_9249937.htm

Leading Chinese economists consider US fed policy on ultra low interest rates and ‘hot money’to be destabilising and blowing bubbles:

http://www.chinadaily.com.cn/bizchina/2009-12/30/content_9244959.htm

China’s economy is humming along in high gear, thanks to a fast-growing pile of dicey debt. Such booms tend to end badly.
China’s economy is the envy of the world. As developed nations struggle to eke out a bit of growth and to get unemployment rates out of double digits, Chinese output gallops ahead at an 8% annual rate. This $4.7 trillion economy, it seems, is the world’s dynamo and the prototype for the future.

http://www.forbes.com/forbes/2009/1228/economy-ponzi-debt-peking-china-bubble.html

- LearnFromMistakes

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• China has a long way to go before supply overtake demand, China’s economy has a lot of room to grow.
• Economists: China to see early recovery ahead of global economy
• Expert: China’s economy to regain full steam in 2011
• One wrong move, and the entire thing could come crashing down.
• This could well be the US’s future - artificially low interest rates, rising debt to gdp, and deflation.

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