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The Economist:

Buttonwood, Things you can drop on your foot.  “Of course, China’s rulers may try to slow their country’s heady growth. Its current-account surplus is dwindling rapidly. If it goes into deficit, then the country would become dependent on foreigners for its finance.”  Who would be in financial health to bail ‘em out?  Not us, with our deficit.

03/03/04 • 04:27 PM • Economics • Politics • No Comments

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