A call for calm
HOME > PAST ISSUE > PERSPECTIVE [Premium content]March 2008
Thanks to a robust domestic economy and a relatively small US export share, China can weather the storms of 2008
With global markets wobbly, the US economy weakening further and many now arguing that China will be the next to feel your pain, let me restate my view on the Chinese economy.
I continue to have high convictions on two points. First, a US recession and European slowdown will only shave about 100 basis points off China’s actual GDP growth rate this year, dropping it to 8-9%. Second, monetary and fiscal policy will not be significantly tighter than last year. Additionally, the consumer ...
I continue to have high convictions on two points. First, a US recession and European slowdown will only shave about 100 basis points off China’s actual GDP growth rate this year, dropping it to 8-9%. Second, monetary and fiscal policy will not be significantly tighter than last year. Additionally, the consumer ...
log in to continue reading...
 |
To receive the best China business news that the market has to offer,
subscribe to the China Economic Review.
subscribe to the China Economic Review.