Everyone Wants to Decouple from China – Except Osborne

choi

Heather Stewart, Everyone Wants to Decouple from China – Except Osborne. The chancellor’s charm offensive has impressed Beijing. But the powerhouse of the east is now exporting economic problems all over the world. Guardian, Sept 27, 2015.
http://www.theguardian.com/busin ... yone-wants-decouple

My comment:
(a) There is no need to read the article. The title is interesting, though.

(b) The word "decoupling" was commonly used in debates after financial crisis.
(i) The Guardian report states, "The notion of “decoupling”, fashionable in the wake of the 2008-09 crisis, under which China and the other major emerging markets would continue to drive global growth even as the US and Europe stalled, now looks defunct.  In fact, China bought its continued economic resilience in recent years at the expense of a credit-fuelled boom in infrastructure projects, which has left a legacy of bad loans and swings in property markets."
(ii) Sylvain Leduc and Mark M Spiegel, Is Asia Decoupling from the United States (Again)?  Federal Reserve Bank of San Francisco, May 2, 2013 (Working Paper 2013-10)
www.frbsf.org/economic-research/files/wp2013-10.pdf
("During the initial stages of the 2008 global financial crisis, a number of studies asked whether or not the Asian region had “decoupled” from the United States sufficiently to allow it to weather the downward shocks the region was expected to suffer from the decreased US demand for its exports as that nation fell into recession [e.g. Park and Shin (2009)]. Overtime, however, the depth of the crisis demonstrated that a sufficiently large adverse shock to demand from the rest of the world could also draw Asia into recession”)