Global Growth – Still Made in China
Despite all the hand-wringing over China’s over-hyped slowdown, the Chinese economy remains the single largest contributor to world GDP growth. Indeed, a weak and still vulnerable global economy needs a successful China more than ever.
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NEW HAVEN – Despite all the hand-wringing over the vaunted China slowdown, the Chinese economy remains the single largest contributor to world GDP growth. For a global economy limping along at stall speed – and most likely unable to withstand a significant shock without toppling into renewed recession – that contribution is all the more important.