Freeman Report Dec 2008 - vol. 6, no. 12

China’s reaction to the current economic crisis has been an odyssey of emotion, from denial to shock to anger to resolve. An early smug triumphalism among many Chinese at America’s big stumble gave way quickly to anxiety about its impact on China; then to anger at those responsible in the United States for bringing about the global collapse; and now, increasingly, to grim acceptance marked by a certain gallows humor.