Posted Sep 5, 2007, 11:06 PM
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BANNED
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Join Date: Sep 2006
Location: Pungent Onion, Illinois
Posts: 8,492
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Not a surprise.
How ever, China is headed for disaster if they don't increase the speed of their social and economic reforms. Japan grew at this rate for a long time, but eventually it caught up with them and triggered a decade long financial crisis there. The same thing will happen if China doesn't let their currency rise in value against other currencies, hence increasing the value of the Yuan and fighting inflation. They are lucky they haven't gotten sucked into an inflationary deathtrap yet, but it becomes increasingly likely every day they try to fight the market forces...
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