The stakes for China, and the world
By William Pesek Jr.
Will China successfully brake its economy? From the United States to the smallest, least globalized economy, every nation has much riding on China's quest to avoid economic overheating. China's $1.4 trillion economy is a third the size of Japan's, yet its If John Maynard Keynes is looking down from the heavens these days, he may be lamenting missing out on the ascension of China. Never has such an underdeveloped economy with such a huge population stepped into the global community with such alacrity.
Will China successfully brake its economy? From the United States to the smallest, least globalized economy, every nation has much riding on China's quest to avoid economic overheating. China's $1.4 trillion economy is a third the size of Japan's, yet its If John Maynard Keynes is looking down from the heavens these days, he may be lamenting missing out on the ascension of China. Never has such an underdeveloped economy with such a huge population stepped into the global community with such alacrity.
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