It's Time for the World to Adjust to China's Global Ambition Liam Halligan - The Telegraph (Britain)
http://www.telegraph.co.uk/finance/economics/11500759/Its-time-for-the-world-to-adjust-to-Chinas-global-ambition.html <http://r20.rs6.net/tn.jsp?f=001-ixyqbH5QdggtawaFutnvdD8fqhGhrl0BAqUq4cKsPjsXLHp9kkci684ES3qhghfmiKTVz0G5epHMvSxPh5D_jO1VYjjLEPzk585uttwujjFNmwNP97Cr0zvidw8Yh6K-G5gTmF01qE0qkFdtQ4KRR0aCXakVr7weXuYkjwLaqT4NKF76yDartImjlOo3U69DggA8Qn9PlAGKfL5NFMP7UwYZTofmhfzyix9M10Oxo8Ir7N5GOpto6uT0z90Y8bw2Zdk2CJVRQCXZQGBaeHI95BI5UwVqEU7_GONJMmv52nF8E2kLmScDg==&c=u_6E4riqHYe4nXRAbk8jYydSlswvjnTApM6ti4-VIG0hiKkpJuYr8g==&ch=CGQHIVdquzDffQMaUP6r25jpMKEk1EzoivVeRC2UHwkiCu8Zts0qxg==> ... Since adopting market-based reforms in the late-1970s, China has grown on average by 9.8 percent a year, compared with 2.5 percent in America ... It's fashionable to talk down China. Certainly, its Communist leaders are grappling with a sagging property market, unsteady exports and cooling domestic investment. China expanded by 7.4 percent in 2014, the slowest rate for 24 years. Growth this year could fall below 7 percent, amidst rising labour costs. .. That Beijing should seek to exercise power across Asia, and beyond, is hardly surprising. China isn't only the world's growth engine but also bankroller-in-chief to the US government. The Chinese central bank holds an estimated $1,270 billion of US Treasuries ...
