OK you said that china's economy is not due to inflation,i'm telling you the growth china is having now is a lower form of inflation.Look at the fundamentals,when Empolyment is rising ,when dollar price is HIGH,which is caused by the lowering of interest rates-and interest rate is use to set a floor on the deflation spiral(but will soon be raise by the central bank to set a roof on inflation),production is up these are all forms of a growing economy and Just like the U.S. it will reach the point of inflation it always does.The thing is,you have to understand the cycle;all countries face this at some point and america and the world has been in recession and bubbles time and time again.Understand that this what the central banking system cause and wants to happen.This(federal reserve/central bank) create competition,controls money flow,and controls the dollar price,and the economy.Just like i anticipated due to china's new growth while the U.S. dollar is low,production is low,unemployment is high,and interest rate is low(which by the fundamentals are signs of just coming from an inflationary period)you favor china's economy more than the U.S because it is growing faster now,BUT when U.S starts to grow what will china look like?It will be in a deflation.This is the bottom line,2009 company earning reports have shown stabilization in the market,which Ben Bernanke stated will happen way back in 08,and that  we will see a little recovery in 2010,which can be seen if you watch the movement of the stock market that has always been a tracker of the economy's growth.And by the way,china doesn't have most of the world U.S does, the plan of the central banks of U.S. and England is to issue reserves between themselves,in turn the England's central bank will loan U.S. dollars  to other banks all over the world.What this mean is the federal reserve is trying to supply the demand for the dollar which will lower interest rate in the whole global market of exchange.With that said,Ben Bernanke stated that the demand for the dollar is still high,so they have to supply it with good conservation and strategy.The U.S has HYPER inflation in check,because it creates RESERVES not more money in the market.Ben Bernanke said issuing more money  is for stabilizing the market in U.S. and world(i just mentioned the process ,where the fed shares reserves with England).This is done through some good fundamentally good practices like creating reserves which stays INSIDE the banks,these are not loan out so that the money supply will increase.Instead they are given back to the fed and this is ONE of the processes which the fed can tighten rates and the money supply putting a roof on inflation.3% of the money supply is real money and 97% is in the computers.when the fed rise the fed fund rates, this is attractive to the banks and in turn,as we have seen for many years,the banks  BUY U.S securities.The previous process in turn will tighten money supply and help put a roof on inflation,and this happens when the dollar is high,and interest rates are high,and employment is high,and production is at it's highest(just like what CHINA is benefiting from now,think about that).THE fed can also produce bonds attractive enough to draw back the 97%,and they have other measures assured by the FED's chairmen.NOW if that 97% is return what will happen to the dollar?just guess man just guess.But if he lets that happen the country will be in ETERNAL DEFLATION,in fact a recession,so fed cuts rates and rise them at the right time not to cause deep deflation and HYPER inflation.This is what ENGLAND does CHINA does and the world does.Keep in mind that the fed said the 3% is not growing rapidly it's the RESERVES which can be easily drawn back through strategic measures,and issue to other central bank in other countries.

lesson learned watch,listen and interpret meetings hold by the fed,politicians, and conference calls from the companies of America to hear how things are going.