China will cool its economy down — after the Beijing Olympics

But how, without getting the populace mad at a central government who will at that point risk appearing like they’re not doing enough to create new Chinese jobs, etc.? Simple: Blame America. Jim Jubak lists a variety of ways this could be done, such as Chinese bashing of our Fed for moving the wrong way on interest rates, and thereby trying to export inflation.

Hell, Fed bashing is popular enough here; I guess we can export that, amongst the little we have left to export.