Li Shen, Vice President of the Chinese Academy of Social Sciences stated on March 17 that the last 10 years of economic boom experienced in the U.S. after the end of cold war was not the result of information technology development, but because the U.S. had brought down the economies of the former Soviet Union and Eastern Europe. “Will the U.S. heading into recession repeat history and mobilize all its energy to bring down the world’s other major countries or major powers?” questioned Li.
Source: Xinhua, March 19, 2008
http://news.xinhuanet.com/world/2008-03/19/content_7820222.htm