POLITICS - While the United States wanes in recession, China's economy continues to wax and grow at a phenomenal rate. In the first quarter of 2010 China's GDP grew 11.9%.
The rapid increase in China's spending power has resulted in a 2.4% inflation rate, with some areas more than others. Property prices for example are up 11.7%.
Economists point out that during recession times many people opt to buy cheaper things, many of which are made overseas in China. America's trade deficit with China has been growing every year at a phenomenal rate.
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