Now is not the time to take chances

The global economic situation means that budgetary largesse should be avoided at all costs.

China is the world’s second largest economy. It’s a no-brainer to understand why we should be concerned when the Chinese economy takes a wobble. Obviously if and when its economy goes into serious decline, we need to be afraid. It is not there just yet.

Its economy had been doing really well for quite some time. Over the last few days it has suffered major tremors.