China's Fall, Not Its Rise, Is the Real Global Threat

Chinaâ??s rise to global prominence has long preoccupied the leaders of the developed world. They should be more concerned about what happens if the countryâ??s growth falters. With its combination of cheap labor, easy money, undervalued currency, heavy investment in manufacturing and focus on exports, the nation of 1.3 billion has built an impressive economic engine. From 2008 through 2010, China contributed more than 40 percent of the worldâ??s growth.