China is the one country that might be able to jump-start the sputtering global economy’s recovery; and yet its own economic growth is based on a foundation that is increasingly showing signs of strain. The dilemma is that both Chinese failure and success carry risks for the world economy.
NEW DELHI – As the world’s financial leaders gather in Washington, DC, for the annual spring meeting of the International Monetary Fund, their hopes – and fears – center on China. After all, China is the one country that might be able to jump-start the sputtering global economy’s recovery; and yet its own economic growth is based on a foundation that is increasingly showing signs of strain. The dilemma is that both Chinese failure and success carry risks for the world economy.
NEW DELHI – As the world’s financial leaders gather in Washington, DC, for the annual spring meeting of the International Monetary Fund, their hopes – and fears – center on China. After all, China is the one country that might be able to jump-start the sputtering global economy’s recovery; and yet its own economic growth is based on a foundation that is increasingly showing signs of strain. The dilemma is that both Chinese failure and success carry risks for the world economy.