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China in balancing act at G8 summit

The G8 summit this week has illustrated Chinese President Hu Jintao’s balancing act — to edge closer to superpower status while not giving up the traditional role of a developing country. On the superpower side of the ledger, China’s economy is the seventh-biggest in the world and, having expanded at an average 9 percent pace a year for the last two decades, it is now a crucial factor in driving global growth. Full Story