Of course yo do not like to prosper under the presure of the US markets.

Yet the trickiest thing here is this: the Chinese economy manages to grow and shine in the past decade or so exactly by relying upon, and making the best use of, the buying power from the US markets. With this buying power available, you then have a stable market to export to.

Note: no buying powr, no market size. Population size is simply not equal to market size!

There is no other markets in the world right now that can offer China sufficient buying power to replace that from the US. Not EU, not Japan, not Russia, not India... You name it.

Maybe the new buying power can surface from China's own domestic markets. But, you have to prove it. For example, China may have produced and exported a lot of toys, but will the Chinese consumers now buy them to replace the demand from the foreign markets?

This ongoing world financial crisis turns out to have a surprising effect: By pulling herself down to some extent, USA can then destroy the base of rapid export-led economic growth enjoyed by China. This is a new era in which export-led growth finanlly comes to an end!

As a result, China then faces the crisis of finding a new sourse of growth. However, the structure of domestic demand is different from that of the foreign markets. The Chinese consumers do not need a lot of shoes, or clothings, or toys, or consumer electronics, that have previously gone to the foreign markets. By contrast, public spendings or stimulus packages focus only on a few areas that will, supposedly, not able to absorb the productive capacity of those export-led sectors.

This is where my worry leads to.