“China caught the world’s eye with its rapid response to recession.”
In his latest Commentary, Peter G. Hall of the Export Development Canada (EDC) also remarks that China’s actions has had measurable effects. However, he does go further to say:
“Although spending programs will continue throughout the year and beyond, they are likely through their growth phase, leaving it to the rest of the economy to step into the gap and generate growth. [...]China may yet get lucky. Western markets are adjusting, and are expected to begin recovering in the latter half of 2010. If China can make it until then, revived global trade could well save the day.”
To read more or listen to the commentary via podcast click here.
Photo by Kuzeytac ( So, SO busy…).
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