China’s economy slowed from a growth rate of 10.3% in 2010 to 9.5% in 2011 (and a 2000s peak of 14.2% in 2007), prompting fears that China could trigger a global slowdown. Yet at 10% of world output, 2.5 times what it was in 2001, the Chinese economy is now so large that it will continue to make a significantly rising contribution to global growth even if its own growth rate continues to fall off moderately.
Haass: China’s Greatest Threat Is Internal
Mallaby: Conflict and Confusion: China’s Currency Policy
Foreign Affairs: The Inevitable Superpower
Working Papers: The Future of the International Monetary System and the Role of the Renminbi