International Law

Can China and India save the world economy?

By China Briefing

Jan. 29 - As fears of a U.S. recession begin to bite - Asian stock markets crashed yesterday by over 7 percent - we reproduce a story by Agence France Press on the issue. Quoting our own Senior Partner of Dezan Shira & Associates, as well as other informed names such as George Soros, Zhang Ming and Prakash Sakpal, the article examines the robust and disconnected nature of Chinese and Indian markets and poses the question of whether the developed world can reply on these two Asian giants to fend off a global downturn. Other related posts from us about this same subject can be found here, here and here.

by Benjamin Morgan

SHANGHAI, Jan 27, 2008 (AFP) - With fears mounting of a global economic slowdown, some analysts predict developing giants China and India, with their booming growth, will help lessen the impact.

Stock market turmoil this week triggered by fears of a U.S. recession in the wake of a massive mortgage crisis has ignited debate over whether Asia’s two rising economic stars are strong enough to power the world economy. (more…)

Full post as published by China Briefing Blog on January 28, 2008 (boomark / email).

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