Letters

China can resist financial crisis

Comment on "West sends inflation tsunami" (China Daily, Jan 31)

While I have found a great deal of evidence from other sources that support Dan Steinbock's analysis in the article that the West is trying to "inflate away its massive debt", I don't quite agree with his prognosis that this "massive financial tsunami may eventually sweep away the emerging and developing economies alike". That's because, in the case of China, it has a very different system with a very different set of checks and balances from the US, the EU and, for that matter, most developing countries.