“CHINA NEEDS THE world and the world needs China,” Chinese Premier Wen Jiabao announced on the eve of the celebration the 60th anniversary of the founding of the People’s Republic of China on Sept 30 this year. From the guessing game on the revaluation of the Yuan to the “carry trade” antics of the US Dollar, the timely or late unrolling of fiscal stimulus worldwide, climate change policies, to whether jobs and loan growth will return strongly, about the only certainty next year is that China will overtake Japan as the second economic power.