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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: sea_urchin who wrote (20205)2/15/2004 6:53:06 PM
From: philv  Read Replies (1) of 81898
 
What would the fallout be if China's boom turns to bust?

China has become a very important player in the world scene, and has been the beneficiary of much of the world's economic expansion thanks in part to low interest rates, and now is a major consumer of raw materials and producer of goods. Everyone is focused on US problems, US employment, US production etc. But what would happen if China were to correct or even slow down? China has become almost as important as the US in the world scene, and still growing rapidly, and is actually keeping world economic activity alive.

Here is a very good article (UK perspective) about China.

scotlandonsunday.scotsman.com

"But it is extraordinary how many countries and regions in Europe are convinced of their ability to excel as "knowledge economies" - as if Asia and China in particular were dumb economies incapable of scientific and technological advance. "

Searle, we said that.....we said it first.
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