China converges with 9.5% annual growth rate

http://news.yahoo.com/world-economy-needs-china-slow-growth-gradually-040907334.html

This article discusses China's rapidly growing economy, and how it compares to the rest of the world. It explains the issues other developed countries are having, with the threat of China's 9.5% annual growth. Compared to the U.S. - with a 2.5% growth rate last quarter - China seems to be slowly converging on the developed countries. There is a high potential for it to overtake the most productive nations of today, known as a "reversal of fortune". China's flourishing markets will be carefully watched especially by the developed world, hoping for a more gradual growth rate for the sake of the world economy.