China's economy is exploding -- it's growing so rapidly that the Chinese government is trying to rein it in so that country's economic and financial infrastructure can handle it. China's current boom is directly fueling the growth in other Asian nations, most notably, Japan. The fear out there is that China may not be able to gain control of their growth before a meltdown from bad loans, investments in shaky businesses and ravenous greed that's fueling it all. If China was to stumble, Japan would feel it -- and so would the other Asian economic powerhouses that have tied manufacturing to cheap labour on the mainland. China's troubles would be felt across the Pacific, and in Europe as well. Those businesses that now depend on goods flowing from the Orient will be hit hard and the world economies would have to hunker down for a little dry spell before things pick up back again.
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