"The OECD has observed that China's economic growth is slowing down", according to the editorial in The Times of India dated 11 July 2012. It continues to state that there is reason to believe that this could be a long term structural trend, and the double-digit growth that has characterized the Chinese economic juggernaut is becoming a thing oft he past. It that is the case, it has momentous implications for China, the world and India. The opinion continues with remarks that wages are rising rapidly in China, which indicates that its vast army of surplus rural labor, waiting to man its expanding factories. (Posted from Gulmarg, (Heaven on Earth), at the foothills of Himalayas which include Mt. Everest)
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