Mexico might be the place to be, but if you’re looking for some volatility or to relive the excitement of 2007-08, you’ll want to look to our largest creditor.

“When that adjustment comes, there is a bit of a risk that China will find it very difficult to manage, simply because there is no hard science of financial management,” Mr. Basu said.

“We’ve seen that in the U.S. in 2008, and China may have to face up to that sometime in the coming year, or couple of years because of its bloated finances,” he said.

World Bank Economist: China May Face US-Style Financial Crisis [WSJ Real Time Economics blog]

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