BEVERLY HILLS, Calif. — It would be a mistake to overestimate how much China can or will do to pitch in to the world dilemma as the roiling and unnerving global financial world proceeds apace.
Many people don't realize it, but China has a lot of monstrous problems of its own. It still has bad memories from listening to shaky financial advice in the past from the West. The government may make a few seemingly helpful moves in the economic world just to avoid appearing truculent or uncaring. But it probably won't do much.
It feels it can't. It's walking on the edge of a cliff right now and a bad wind — or a serious misstep — might just push it over the edge into calamity.