For the last century, one enduring cliché has been that when America sneezes, the world catches a cold. But now the big power with the sniffles is China.
China’s rise has been the most profound development of the past half century, turning a moribund, rural country into a highly urbanized economic superpower. Hundreds of millions have been lifted out of poverty, and markets around the world reshaped. China alone accounted for a whopping 24.1% of global economic growth from 2003 to 2013. according to the IMF. read more »