China must be happy

There are some signs that show the EMU (European Monetary
Union) is not immune against the mortgage crisis, which was
spilling over from U.S.A. According to this recognition, the ECB
(European Central Bank)would help the pecuniary system with extra sources.

ECB said in a statement friday night, that it would pump extra
sources in order to achievebigger liquidity in financial system.
But, on the question: "How much excess sourceswill be pumped
in the system by ECB?" the ECBdid not mention. Thought, it signed the durationof this process is long period, it assumed the pumping method will keep until
the end of this year.

The new intervention is promised after the time when the hunger
of liquidity increased such an extent that the three-mounth U.S.A
interest rate had been raising to 5,04 percentage, it is hardly
impermissable when the prime rate is 4,5 percentage.

Torrid in Chine

China's economy has been soaring for years with its
double digit growth rate (approximately: 11,5%).
This increase is fuelled by infrastructure investments,
stock market, and the high level of capital inflow. Throw the
raising key rate requirement its bankin system has been
heightening bolster.

Do not forget, Chine has the biggest population

on Earth with its ~ 1,5 billion inhabitants.

According to the economists the theory, which is said: "Chine will be able to be exportoriented in the long run" is absurd, nonsens. It is particularly reflected in the building industry, where we can find a huge steel-starving effect, consequently Chine shows signs that by and by it has been morphing to importoriented.

The fetching growth rate can impuls a healthy and seren envy

among european countries, which are wrestling with problems of

its continental european welfare modell.

These circumstances have caused a higher level of throb of

european's economy hearth.

Where have Chine left its economy problems? - its owned by past.