Ben sent me a great article on how china’s monetary policy relates to the recession.

You got a fabulous deal on your mortgage because China’s workers were prevented from spending the money they had earned.

The Chinese government is having to walk a really fine line between pressure for continued job growth and economic reality. Without that double digit growth, the lack of freedoms given by the “communist” party start to look pretty unsustainable. I think the next few years are going to be very interesting in China.