Sometimes the world economy seems like a giant spider web: Touch one part and the vibrations are felt throughout the structure. So it is that slowing demand for steel in China could have an impact on U.S. savings accounts.
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If the monetary authorities in China and India continue to hike interest rates at the pace they have set recently, the next global recession may not be that far off.
BEIJING - China's economy grew 9.7 percent in the first quarter of 2011 from a year earlier, while consumer inflation hit a 32-month-high of 5.4 p...
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