The Eurozone has a deficit of $600 Billion, while China has a trade surplus of $2.4 Trillion, and the U.S. also has a trade surplus of about $600 Billion, according to
Central Chinese TV.
Europe produces lots of great things, BMW, Ford, Fiat, Mercedes, Tissot, Pathek Philippe, Hugo Boss, Armani, Gucci, etc, etc.
China can achieve a soft landing, by fulfilling the growing domestic demand, as well
as giving their growing noveau riche more of the luxury European brands, thereby
helping Europe cut its deficit and keep the economies busy.
China has the wherewithal to help their own as well as other economies.
This year, I hope we can all count on China to further propel world growth.