Saturday, March 10, 2012

Headlines We Never Thought We’d See: Fade in China, Made in America

Did somebody put something funny in our latte? A slower China will dent global growth, but it could give the U.S. a boost or so says the Wall St Journal.

The world has become accustomed to stellar growth from China buoying global demand. The big winners have been commodity-producing countries that saw exports soar.

For the U.S. though, China's emergence has been more of a mixed bag. Low-price Chinese imports helped keep inflation in check, but they also contributed to the hemorrhaging of U.S. manufacturing jobs. China's households, despite big gains in average income, remained too poor to buy made-in-America goods.

That might be about to change. Speaking this past week at ..

Read more at
http://online.wsj.com/article/SB10001424052970203961204577271420897187672.html?mod=markets_newsreel

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