Dilip Hiro: Defying the Economic Odds: The World Melts Down, China Grows

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At www.truthout.org

In the midst of the worst economic crisis since the Great Depression, a new world order is emerging - with its center gravitating towards China. The statistics speak for themselves. The International Monetary Fund (IMF) predicts the world's gross domestic product (GDP) will shrink by an alarming 1.3% this year. Yet, defying this global trend, China expects an annual economic growth rate of 6.5% to 8.5%.

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