Thursday, Apr 09, 2009
China, the world's second largest economy by purchasing power parity, contributed over 10% to global
Forbes.com: The Outlook For China's Economy
Despite the fact that China's aggressive policy response included monetary easing, a scaling up of bank lending and a particularly aggressive scaling up of government investment to offset the contraction in private demand, there is an increased risk that China will grow only in the 5% to 6% range year-on-year in 2009, about half its average growth of the previous five years, and well below potential. Such a growth rate would increase pressures on China's government, as the hard landing has been accompanied by job losses and factory closures as well as implying that Chinese commodity demand could continue to be lower than recent trends.
Posted by chris @ 08:20 AM (211 views) Add Comment
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