Just as the world’s financial system faces the most severe crisis since WW-II China’s economy is reaching a level of maturity and strength that will give it a unique and central role in the future financial order. Although it has shown that China is not decoupled from the rest of the world, the crisis represents more of an opportunity than a threat for China. There is good reason to believe China has significant comparative advantages over other economies that are trying to navigate clear of serious damage during the crisis and emerge in a position of strength.
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