I believe most of you have come back from holiday. The following joke will either give you pleasure or remind you of a sad event. A man went to an ATM in Shanghai. After entering his password, a screen appears that says: 'sorry, out of funds'. He is then left wondering:' who is out of funds? The bank, or me?' The financial crisis has spread to China. However, the story is universal. It may have been transplanted from another country to China. Or the other way around. In any case, China's export oriented economy is likely to fare much worse than the forecasted growth down from over 10% to 7-8%. Nevertheless, Louis Vuiton shop in Shanghai will remain its brightest spot in the world.
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