Should we be concerned about the rumors of a pending credit crunch in China? The beauty of a one-party system is its political flexibility. With authorities having the power and ability to strike a balance quickly between reforms to its financial sector and economic expansion, it should allow China to achieve its growth target of +7.6% this year. But the reality is that issues surrounding China's shadow banking system are not going away any time soon -- their growing domestic U.S. debt levels are making the global markets a tad nervous. Analysts are worried about investment dominating gross domestic product growth. ... (full story)