Outlook on China: peaceful partner or warmonger?
America's recent economic downturn has hit China hard
By News on the Net —— Bio and Archives--February 26, 2009
World News | Comments | Back To Full Article
WASHINGTON - For more than 30 years, free and open markets have propelled China's labor-driven growth and lifted more than 200 million of its citizens out of rural poverty. But America's recent economic downturn has hit China hard. Exports from its booming trade sector dropped 17.5 percent in January from a year ago. In the past several months, an estimated 20 million rural Chinese migrant workers have lost their jobs.
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