I'm afraid this is very premature-

 

Analysis: China currency move nails hard landing risk coffin

04/15/12

BEIJING - China's weekend reform of its currency regime nails shut the coffin on the last remains of doubt about whether the world's second biggest economy has successfully steered a course past a hard economic landing. 

Shifting the yuan trading rules is about the strongest signal Beijing could give that growth downside has diminished and potential pitfalls are manageable. Few reforms are as replete with risk as tinkering with the currency because faith in its soundness directly correlates to economic stability.

"For everybody who thought China was heading for a hard landing, it's over. This move says they are comfortable with the direction the economy is moving in," Paul Markowski, president of New York-based MES Advisers and a long-time investment adviser to China's monetary authorities.

International investors are certainly in need of something to calm concerns about the health of the global economy after asset markets worldwide were rattled on Friday by a combination of below-par Chinese growth data and renewed fears of financial contagion risks in the debt-plagued euro zone.

Timing, politics and diplomacy are all in focus after Saturday's milestone step towards turning the yuan into a global currency that doubled the size of its trading band against the dollar to 1 percent.

But the economics of the move, are the most crucial for the 200 million or so jobs in China's vast factory sector that analysts estimate directly depend on foreign trade.  

but-

Global stocks, euro down as China GDP spooks investors  April 15, 2012

A sharp re-emergence of fears over financial contagion from the euro zone debt crisis took a steep toll on bank shares in both Europe and the United States.

 

null Is the "Ring of Fire" coming to life?  

 

There's a pretty grim link, and I am sorry 

 

The maritime importance of the Straits — MEH Demonstration ...

 

Mid-Point - March 21st, 2013

God Bless,

Gail