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December 07, 2008

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ystem—as constructed following the Second World War—will be almost unrecognizable by 2025," the document says, owing to the rise of emerging nations, a globalizing economy and a dramatic power shift. "In terms of size, speed and directional flow, the transfer of

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the United States but will now grow five times as fast, which only brings closer the date when the Chinese economy will equal in size that of the United States. Then contrast China's enormous surplus reserves to America's massive debt burden: th

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