A Fork in the Road for China

China's deepening economic slowdown alone isn't damaging enough to blunt the U.S. recovery, but the U.S. has a lot at stake in Beijing's response to it.

China's economic slowdown promises to help push the country's leadership into a tough choice: whether to resume its prerecession push to liberalize the economy or to adopt more-nationalistic policies in an effort to temper mounting domestic political unrest. The implications for the U.S. are significant.

SEE ALSO: New U.S.-China Rivalry: Vying for Asia's Trade

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Art Pine
Contributing Editor, The Kiplinger Letter