China's Economy Converging to U.S.

The Wall St. Journal article discusses "cosmic convergence" between China's growth rate of 9.1% to U.S.'s September unemployment rate of 9.1%. This may be just a coincidence, however, there is no doubt that China is certainly inching their way up the economic development ladder. Just imagine that in 1870, China's GDP per capita was substantially behind U.S. but now is on its way up.