by John Rubino
So it seems that China’s economy, caught in the grip of a credit crisis just a few months ago, is all better. And so, by extension, is everyone else. As the Wall Street Journal explains it:
WASHINGTON—The world’s financial leaders started the year worried about China’s decelerating economy dragging the world into another major crisis. Now, they are breathing a small sigh of relief.
Finance ministers, central bankers and other top officials gathering here in recent days said Beijing’s moves to stabilize its economy have temporarily eased global fears tied to the world’s No. 2 economy.