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China is well placed among the emergent savings of the world in the context of the world economic recession that already affected many developing countries, indicated Alex Patel, director of the international economy of Merrill Lynch, former American Business Bank, at the time of a written interview granted to the Xinhua agency.

According to the economist, with a high level of reserves in mottos, of the maneuver margin in the softening of its politics, a rate of saving raised and remove the weak effect, the Chinese economy is in good enough health to support whereas the risks outside the emergent savings of the world know a meaningful plunge on the stock market and the one of the changes.

Considering the advantages of the Chinese economy, Mr. Patel placed it in a list of priority destinations of investments of the world in 2009. This list also consists of Japan and Brazil.

Mr. Patel assigned the bursting of the international financial crisis to several elements: the consumption to overdraft, the insufficiency of the politics and the regulation on the interest rate by the decision-makers, she weakened nature of the human, the conflicts of interest of the assessment organizations, as well as the flaws of the international norms accountants.

Merrill Lynch, one of the most important American business banks, had been founded in 1941 by Charles E Merrill and Edmund C. Lynch. Present in more of 40 countries of the world, it had displayed in 2005 a world turnover of 48 billions of dollars. Yet, this one has been bought in last September by Bank of America after having wiped heavy losses in the crisis of the credits to real estate risk.

Otherwise, Mr. Patel imputed the decline of the courses of the raw, that decreased 60% since the mid-July, to a correction of the offer-demand.

"The demand in the quasi-totality of the countries of the world knew a considerable decrease at the same time while it is foreseen that the offer will see an expansion" next year, it has estimated.

Mr. Patel also predicted that the American dolllar would pursue the momentum of revalorization during the first half of next year before a depreciation notably in relation to the currencies of the emerging markets during the six following months.