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The China Caution

11 Dec 2008 04:34 pm

Maybe it won't be a failed state that first draws the attention of Obama's national security team. Maybe it'll be China.  Export led growth is going to slow remarkably at a time that internet usage is exploding. The crisis may not be the failure of a particular medium sized country, but China acting out as it tries to constrain and focus the growing adolescent pains of a largely male, young, and ambitious middle class. And things could happen very, very quickly. 

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