China Pessimists and Optimists

michiganlefty

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Friday October 16, 2009 · 2:37 PM PDT

2009/10/16 · 14:37

In the years leading up to the current economic crisis, the "rise of China" was the major subject of international discussion. Since the out break over a year ago of the economic crisis--now matching ever more clearly the question of China's "rise" to the disintegration of America's position in the world--this discussion has been transformed into one concerning whether China can break from its high-savings-rate, export economy and whether the US can break from its consumer-debt, import economy. There are two linked questions here. How well has China dealt with the current economic crisis (has its stimulus package worked well)? And, is it possible for the China to continue its "rise" to prominence in the global capitalist economy by changing its relationship to the US economy?

Reposted from The China Study Group.

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