Friday, July 27, 2007

China: No More Mister Nice Guy

By John E. Carey
Peace and Freedom
July 26, 2007

On July 25, 2007, the International Monetary Fund released its 2007 projections. Those numbers indicate that China, this year for the first time, has dislodged the United States from its long reign as the main engine of global economic growth, with its more than 11 percent growth eclipsing sputtering U.S. growth of about 2 percent.

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