April 18, 2008

China continue to growth very fast: US subprime crise does not matter

These day we discovered that China continue to growth at more than 10% rate. The US subprime crise and the developed countries slowdown seems to have any impact.

This is very important. In fact, it is a good indicator that emerging markets succeed to decrease their dependency on developed countries growth and economic situation.

The world is changing. Henceforth, the engine of world growth are any more developed countries but emerging countries. The economic power has shifted. Nothing seeems to slow down emerging countries (especially China, India and ASEAN countries).

Unfortunately, many developed countries policy makers did not seem to have understand this change. In fact, they continue to use global governance institutions like if they were in the 80s when their supremacy was incontestable.

Digg this