influence events in China to global markets is growing, as demonstrated by auction last week: the decision to restrict lending in the country and more active GDP growth than expected, we determined the dynamics of the world, writes Financial Times.

While the U.S. continues to dictate the movement of the market - “Banking bomb” President Barack Obama on Thursday, immediately diverted the attention of investors from China - PRC also goes to the leading positions.

Earlier analysts have argued that “there is a sneeze in the U.S. - and the world got a cold, now is as true a statement that” the cold light of China makes the whole world to fear of SARS. ” It remains only to understand whether such close attention to China “temporary fad market, or is it long-term trend,” notes the FT.

“If investors believe in a high correlation with the Chinese in their markets, they trade accordingly and thus self-fulfilling its forecast”, - said director of investment research and analysis to Action Economics Rick McDonald. He believes that “the hype around China”s exaggerated” and tied for first place with a huge influx of money in commodity and currency markets. However, many analysts have a different opinion.

growth rate of China”s economy accelerated in the IV quarter of last year, according to published on Thursday official figures, up 10.7% over the same period last year, for the year GDP grew by 8.7%, exceeding all forecasts. The enormous demand for raw materials in China raises prices on world markets.

In this regard, most experts say about the long-term fundamental shift in relations between China and world markets.

According to the chief economist at Nomura Asia Rob Subbaramena significantly increased the number of queries about China from international clients, in particular, we are talking about data on bank lending. Data on China “have become an important yardstick for the world economy, at times, perhaps even more important than the primary indicators in the United States,” - he said.

China”s influence on commodity markets is obvious and hardly needs further elaboration. According to the Financial Times, prices for raw materials in recent years often move depending on developments in the Chinese economy. Barclays Capital economists titled his commodity forecast last Friday, “Feeding the Dragon”, arguing that the supply of raw materials in China is the determining factor for these markets. “China has again taken center stage in the minds of members of the commodity market,” - noted in the forecast.

China is also the subject of two important debates on the foreign exchange market: the first is devoted to hard-linked the yuan to the dollar, the second - the influence of China”s attempts to diversify its huge foreign exchange reserves to the dollar.

central question, however, is whether China”s boom sustained phenomenon or bubble soon burst, a painful blow to the world markets.

“China has no sophisticated tools of economic regulation to ensure a soft fall, as in the West”, - considers the chief economist at ING Rob Kb41arnell. In his view, a sharp transition from the huge volume of credit to zero can lead to terrible consequences for the Chinese economy
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