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Can China help power the global economy out of a crisis?

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With the credit crisis buffeting global economic growth, China’s industrial production and construction declined due to weaker export orders, factory closures for the Beijing Olympics and the sagging property market. However, retail sales growth remained strong, while inflation eased amid falling commodity prices. Nevertheless, Dominic Barton, Asia Pacific chairman of consultancy firm McKinsey & Company, is “very bullish about where China is going to be over the next two to three years."

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en

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text/html

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http://knowledge.insead.edu/ChinaGlobalCrisis081003.cfm?vid=100

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