Cooling Chinese economy could hurt US

AFP , WASHINGTON
Monday, May 10, 2004,Page 12

In a sign of the growing economic importance of China, a chorus of warnings is coming from US experts about the impact of what is seen as an impending slowdown in the Asian economic powerhouse.

China's economic clout has not escaped US policymakers either. US officials said last month they hoped for Chinese participation in the G7 consultations of the top economic powers.

Private economists are warning that the likely cooling of China's red-hot economy will have important global implications.

"While China's GDP represented only a modest 4 percent of world GDP last year, it accounted for fully 13 percent of the world's growth," said Lehman Brothers economists Rob Subbaraman and John Llewellyn in a research note.

http://www.taipeitimes.com/News/worldbiz/archives/2004/05/10/2003154918

Nothing can stop the US economic recovery. I know this because I've watched and read MSNBC, FOX, CNN, CNBC... tell me 'the recovery is next quarter' for 3.5 years. So I'm sure it's got to be next quarter for sure this time.