Even though oil prices loom like a cloud on China's otherwise sunny economic horizon, the country's rapid growth is likely to continue
In the coffee houses and fund manager boardrooms in New York, London and Tokyo, the astonishingly rapid development of China has become one of the all-time hot topics. The range of attitudes from mainstream commentators is surprisingly diverse, from doom-mongers, who regard it as a threat to Western economic strength and stability to those who see it as an unparalleled driver of global growth. The only point of view it is impossible to find is one of ambivalence. Even 15 years ago China was regarded by many as a penniless agrarian nation with only its enormous population, large army and nu...
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