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World Sneezes: China Avoids A Cold

Posted by Dan on March 22, 2008 at 06:29 AM

Interesting article in Business Week (h/t to China Challenges) entitled, "World Sneezes, China's Just Fine: Economists say a global slowdown will largely spare a mainland economy still based on domestic consumption and cushioned by vast cash reserves." Article says much of China's economic growth comes from increasing domestic consumption, which will not be much influenced by slowdowns elsewhere. Most interesting to me though was that the article says the whole notion of China's economy "de-coupling" from the worldwide economy is a misnomer as China was never all that "coupled" in the first place.

It is well worth a read.

Comments

I don't see how people can say that China is insulated from the US and global economic downturn. Just look at how far the Shanghai stock exchange has dropped since December 07 (from over 5000 to around 3800).

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