China’s Chance To Be The West’s Economic Savior [Headlines]
What can China do to stave off another economic downturn?
Can China save the world economy? That is a question that people should be asking as the other potential candidates withdraw from the race. At the moment, the economies of the United States, Europe and Japan are all suffering from weak growth or worse. The debt crisis of eurozone countries threatens another financial crisis that could lead to another plunge in output, not just in Europe but throughout the world. Dean Baker/Guardian