Open Question: what's this sentence mean:That the idea has currency at all reflects a remarkable transformation in itself.?

6 September 2010, 10:01 am

who i help me analyze the structure of this sentence and also it's meaning. I got the sentence from an article of Economist:http://www.economist.com/node/16943589 the context of the sentence is: The dream is that this gilded future is now insulated from rich-world downturns: that China—now having, after all, officially overtaken Japan as the world’s second-largest economy—can drive growth for the whole region. One day, maybe. Not yet. That the idea has currency at all reflects a remarkable transformation in itself. During the East Asian financial crash of the late 1990s, many in the region blamed China as a proximate cause of the debacle. Its emergence as a big competitor, the argument went, stalled the rapid export growth on which countries such as Thailand had come to depend, poking large holes in their current accounts, and precipitated the collapse of confidence. Thanks for answering!... Read More »

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