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Author`s name Dmitry Sudakov

China to build new model of capitalism

The crisis in the US is likely to become a significant milestone against the background of current events in world economy. According to German newspaper Die Welt, the volume of securities lending has tripled in the past 6 years.

Vasily Koltashov, Director of the Center for Economic Research at the Institute of Globalization and Social Movements

"China will face a serious problem - this is the main event of the second wave of the economic crisis. The future of global economy will depend on how the Chinese production will be declining. This will be a whole new model of global capitalism. The United States will be standing aside from these events in an attempt to keep control over Europe and the Pacific Rim countries. Yet, the economic events of the United States will not be determining the course of events in China."

Pravda.Ru