economy - A too high price for China's resources

China is at a global shopping spree to guarantee enough oil and other resources to fuel its booming economy, writes Howard French in the International Herald Tribune. But because of its lack of experience in doing global business, it might lead to big trouble.
"China's economy is grossly imbalanced at this point, with an overwhelming dependence on investment versus consumption - possibly the most imbalanced country in human history," said Jason Kindopp, a China analyst at the Eurasia Group, a New York-based political-risk consulting firm in an interview with the IHT, adding that "China is paying peak prices for commodities today, and if their economy stumbles in any significant way, we are going to see really significant declines in the prices and some very serious pain as a result."