@Fomoney,even if the Yen is been manipulated,it is a no brainer to note that all american jobs just like the trend in Kenya have shifted to China.China is growing at a very fast rate and even critics predict tht it'll be the number one economy by 2020 and judging from austerity measures in Europe and the American trend,maybe they will.On Friday America reported tht 22000 govt jobs were lost in the last one year most of them in the State of Minnesota which you may recall was closed for 2weeks because of lack of funds to pay govt employees.Nowadays China has competitive advantage on all products,go to any country and u'll find Chinese products.You can read abt this on http://diaryofarationalreader.blogspot.com

If USD, Euro & GBP crash... the markets for China's goods will drop like a rock. After all most of china's exports include stuff most do not need (or can be made locally), be repaired for longer life or made to last longer by judicious use!

Please...the mines are now KP Certified and they rake in $$ to increase civil service salos. Hahahaha.

@Vituvingi,i agree that China will also feel the problem bearing in mind that China,Russia and Japan have heavily invested their foreign reserves in American securities.By 2008, China had invested over $1.3 trillion dollars of its foreign reserves in US securities making it the 2nd largest investor after Japan.But u need to also note tht unlike other countries,China is a producing country,almost all the others are service producers who rely on capital or financial markets.That is the problem.In US for example,wallstreet barons enjoy all benefits and incentives such as tax benefits.Obama said tht they pay less taxes thn their secretaries.Yet manufacturers dont and hence the shift of jobs to cheaper labour in China.Thts what we should be worried abt as Kenya or as emerging markets,we need more producers and not better capital markets.If we had better producers and planning lyk Israel,we wouldnt be having food crisis in Kenya

@brian - Yes, China will not be affected as much but they have an underlying political problem waiting to explode. When it does either the chinese govt will use the army to kill the protestors or there will be a 'takeover' in parts of China.