Elliott Parker
For the Nevada Appeal

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January 8, 2012
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Elliott Parker: How China stays on fiscal fast track

With a fifth of the world's entire population and an annual growth rate in real per-capita Gross Domestic Product averaging more than 9 percent for the last decade, China has become the world's second-largest economy. Even if you discount the accuracy of the statistics, it still is clear to anybody who has studied about and traveled to China - as I have during the last 25 years - that this is one of the greatest economic transformations in history.

Of course, it is easier to grow fast when you are starting from a small base, and China was starting from …

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The Nevada Appeal Updated Jan 8, 2012 03:50AM Published Jan 8, 2012 03:48AM Copyright 2012 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.