The other shoe drops in China? I hope not

「Waiting for other shoe to drop」 is a popular story.  On a dictionary, it interprets as 「to await an event that is expected to happen, due to being causally linked to another event that has already been observed」.  The original story is copied here as followings: 「A guest who checked into an inn one night was warned to be quiet because the guest in the room next to his was a light sleeper. As he undressed for bed, he dropped one shoe, which, sure enough, awakened the other guest. He managed to get the other shoe off in silence, and got into bed. An hour later, he heard a pounding on the wall and a shout: "When are you going to drop the other shoe?"

Interesting story, isn』t it? I learned the story when I was at elementary or middle school. Sorry, I cannot exactly remember.  But now, when I reveal the current condition of world-wide crisis, I feel that now it is the time for us to 「wait for the other shoe to drop」.

The world has been changing.  The US economy has been changing downhill because of over-heated minds on 「Spend more, save more」 that had happened in the United States for the past years. In contrast, China has been changing uphill because of stable growth environment.  For the past several decades, China economy has been growing at a speed of over 8% in GDP, at yearly basis.  Amazing! Cheering for China development! But the Chinese economy, controlled by the Chinese government, has been over-heated, why? I do not think that I need to raise any examples.  You can add the examples yourself.  

Nowadays, global economy has become a big word. The US and China have become two of the most important players in balancing the world economy, no matter what you agree or not.  However, as the US economy crisis develops, China could possibly follow the US, at a half-step later.  Do you believe so? Yes, I do. Look at the numbers of exports from China to the US.  Why the Chinese government put in such a huge amount of dollars to keep the 「marching」 space of its development? They have realized the reality of their problems that they have to face within a short period of time. It is truly an urgent condition. Are they doing the right thing by flooding billion dollars into the market particularly within such a short period of time? 「Step by Step」 strategy could be another option.

Using the content from the story of 「waiting for the other shoe to drop」, I would think that one shoe has dropped soundly in the USA, but when the next one would be dropped? in China? I hope not.

P/S: I do not think auto industry is the other shoe, neither the City Group.