Is the party over in China?

Massive unemployment looms China watchers are predicting a drop in the GNP growth rate this year and for the foreseeable future. Most are attributing the expected fall off this year -- from last year's official 11.4 percent, the fifth year in a row of double digit expansion -- to the expected downturn in the U.S. and the world economy in general. Even the 2007 growth rate wasn't that high when...

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