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I recently came across two articles on the Chinese and the US Economy that are very englightening to ordinary citizens who are non-economists like me. They are http://www.project-syndicate.org/commentary/china-s-evolving-web-by-andrew-sheng  

and

http://www.project-syndicate.org/commentary/hard-truths-about-global-growth-by-michael-spence respectively.

I won't try to summarize them and you should read them yourself.