There is an interesting editorial in today’s Globe and Mail by the Asia-Pacific Foundation about the global recession and its relative impact and response on China. President and CEO, Yuen Pau Woo, argues that Canada should be considering more seriously China’s role in the recovery and future position in the world economy, instead of focusing so much of our energy south of the border. He points out that,”
“…there is a growing consensus among experts that China will be the first to find the bottom of the economic crisis, and the first to come out of it.
It is surprising, therefore, that there is so little awareness in Canada about the impact of the global recession on China’s economic rise. The federal stimulus package did not give any hint that Canada has to build stronger economic ties with China.”
Our country had been so much affected by this Economic Recession. there are lots of job cuts and company shutdowns. We are seeing some signs of economic recovery right now and we hope that it would continue.
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I think we are also seeing some signs of recovery from the Economic Recession. Of course, we have no idea of how long it will take to completely recover, but some say it’s going to be longer than for the other recessions in decades. I also scanned an article yesterday that said business owners need a new set of tactics to do well during recovery.