CIA story - China, India and Australia

Aust. banker: China, India changing world economy - Yahoo! Finance: "The world economy's center of gravity is shifting rapidly to Asia, which will soon rival Wall Street as a source of routine market signals, Australia's central bank chief said Thursday.

Stevens also said that finding solutions to imbalances in the global economy is being hampered by focusing too much on the United States' trade deficit with China.

Stevens, whose nation was one of few developed economies to escape recession during the global financial crisis thanks largely to Chinese demand for Australian minerals, is a close observer of China's emergence as an economic power.

'The rise of China, and very likely India, is a transformative event for the global economy,' the Reserve Bank of Australia governor said."