What is happening to the White Knight-China?
While there is a global China put, the white knight seems to be getting more tired by the day. With rising inflation and a slowing growth, things are about to get interesting in China. Growth slowed more than forecast last quarter in China as exports and domestic demand cooled, boosting pressure on Premier Wen Jiabao to loosen policy further and shore up expansion in the world’s second-biggest economy. Gross domestic product expanded 8.1 percent from a year earlier, the least in almost three years. Bloomberg video below.