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Don't see it as recession for China. More of a downturn and temporary. Their government won't allow it, as it didn't allow a downturn several years back. We'll see what stimulus package they pull out in 2014. Those growth figures are a national obsession. :) Totally agree Oz is not immune...

There will be no Minsky moment for China http://www.businessspectator.com.au/article/2014/3/25/china/there-will-be-no-minsky-moment-china - Peter Cai / businessspectator.com.au "It has become fashionable lately to borrow American financial crisis lexicons such as 'Lehman Moment' or 'Minsky...