US economy to drag down global growth:
US investor George Soros said the US economy will drag down global growth and China's pegging of its currency to the dollar is ensuring it remains undervalued and ``unsustainable,'' the Reuters news agency reported.
The US economy shrank at a worse-than-expected 6.1 percent pace at the start of this year as sharp cutbacks by businesses and the biggest drop in US exports in 40 years overwhelmed a rebound in consumer spending.