China

Excellent article in today's Torygraph by our old friend Ambrose Evans-Pritchard on the China theme - http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/10431582/Chinas-Communists-want-unattainable-goal-of-affluence-without-freedom.html - executive summary: it's all going to end in tears. Only surprise is he doesn't somehow conclude it's all the fault of the Euro.