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World Sneezes: China Avoids A Cold

By Dan Harris and Steve Dickinson

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.

Full post as published by China Law Blog on March 22, 2008 (boomark / email).