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      02-27-2006, 04:08 PM   #9
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Your poli sci teacher has good sense of humour.

China will experience political upheaval and economic dislocation before it will come back to the path of growth and stability.

It may become a superpower - in 60-100 years from now. For the moment it is a regional power, like India, etc. and one with a hot and perhaps overheating economy. You can reassure your poli sci teacher that 10-15 years of growth for the economy of a developing nation that is on a planned (top-down) industrialization drive does not a stable economy make.

Given the balance of payments manipulation and huge government off-book deficit currently being absorbed by the central government in China, upon an economic slowdown-inevitable once the world economy cools, I would not want to be one of the mandarins trying to figure WTF happened and how to fix it before being shot in a football stadium for incompetence.
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