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Thursday 5 February 2009
The Globe & Mail has a very good article on the impact the decline of China’s economy is having on the other Asian tigers:
“When the rich countries of the West get a cold, China gets the flu. And when China gets the flu, the rest of the region gets pneumonia.”
Let’s bear in mind that we live next door to the US economic colossus, so that the US is to us what China is to the Asian tigers, and the same cause and effect applies to us: if American gets a cold, will we get the flu or pneumonia?
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