Three years ago, the financial crisis that hit America spread across the globe, dragging the world into its deepest recession in seven decades. Now, the U.S. recovery is losing momentum, but economists say this time, when America sneezes, the world doesn't have to catch a cold.
With its economy growing rapidly even as much of the developed world struggles, tensions are mounting. China has recently crossed Japan and India, in addition to ongoing conflicts with the U.S. Fairly or not, China is being singled out as currency manipulator.