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China and the global economy Why ignoring China is no longer an option..... Robin Bew, Chief Economist June 20xx The global outlook Key points for 20xx05 World growth fantastic ? best for 20 years in 20xx ? developed and emerging markets surging ahead Exceptional times cannot last ? tipping point may have already passed ? international liquidity is tightening ? coping with the transition ? global policy tightening ? will slow world growth Slowdown likely, but risks of worse United States outlook Recent performance stunning ? more to e in the year ahead But policy stimulus being with