Slowing China
With the world’s rich countries still hungover from the financial crisis, the global economy has come to depend on emerging markets to drive growth. But Chinese officials warn that their economy is poised to slow – and this time they are right.
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BERKELEY – With the world’s rich countries still hung over from the financial crisis, the global economy has come to depend on emerging markets to drive growth. Increasingly, machinery exporters, energy suppliers, and raw-materials producers alike look to China and other fast-growing developing countries as the key source of incremental demand.