Showing posts with label China. Show all posts
Showing posts with label China. Show all posts

Tuesday, December 23, 2008

China in 2009

It looks like China, after years of economic growth, could be in trouble in 2009 because of the recession and political instability:

FOR China’s leaders, a perfect storm is brewing. Economic growth, which has helped keep the Communist Party in power, is faltering. The new middle class, hitherto a pillar of the party’s support, is plunging into despondency. The coming months are studded with politically sensitive anniversaries that will focus disaffected minds on the party’s shortcomings. Having endured a year of natural disasters, riots and the organisational nightmare of hosting the Olympics, the party sees little salve ahead.

If you're interested in Chinese economic policy and politics-- and I know there is someone out there who is-- read the whole article. It's well worth it.