This is actually a good thing this means that the excessive credit expantion in the Chinese economy is now on the decline. It will lead to slower growth and more bankruptcies and higher unemployment in the short term but China will get more stability in the long run.
PS the INR is now at 63,75 to the USD
The Indian know nothing of economic. That's why their situation now is sucky.
They will come beg us for money soon.
