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-- breaking free from dollar hegemony;
-- conducting trade based on mutual development; and
-- not using "green-tech investment" to stimulate growth.
On August 17, 2009, financial writer Ellen Brown's article headlined, "China's Miracle Economy: Have the Chinese Become the World's Greatest Capitalists?" saying:
China "seems to have decoupled from the rest of the world, preserving an 8% growth rate (now higher) while the rest of the world sinks into the worst recession since the 1930s."
Unlike America to this day, in fact, China keeps credit flowing freely for economic growth, though too much of a good thing itself creates problems; notably bubbles that sooner or later burst.
However, Brown explains that China's banks "serve public enterprise and trade" because it controls their operations, unlike America's privatized system serving bankers, not people.
Notably, in fact, Beijing prevented "irresponsible bank speculation and profiteering by keeping a leash on (its) banking sector," as well as focusing on economic growth and job creation, ignored by Washington policy makers.
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