Businessweek reports:
The Year of the Rat has certainly gotten off to a less than auspicious start for China. The country got buffeted by the worst winter storms in half a decade, causing food prices to soar and pushing inflation to an alarming 8.7% in February (BusinessWeek, 3/11/08). The Shanghai Composite Index is off 30% since the beginning of 2008, and property prices have started falling in several major cities. China's heavy economic involvement with the internationally unpopular regime in Sudan (BusinessWeek, 2/13/08), and most recently the bloodshed in Tibet (BusinessWeek, 3/17/08) threaten to spoil the country's Olympic parade.
Now comes the U.S. bear market and housing collapse. If you heap this looming U.S. recession onto the litany of China's other woes does it spell a recipe for a total China meltdown? Don't bet on it. In fact, analysts say that the question of decoupling—the notion that China is contagion free from a global slowdown—is actually a misnomer, since "historically, the Chinese economy has never been coupled," says Jonathan Anderson, Asian chief economist at UBS.
To read more:
We help you to achieve your Cisco 642-383 CXFF and Microsoft 70-297 certification exams in your first attempt. The candidate can obtain 1z0-047 Oracle 11g DBA OCA and other Cisco certification exams. Cisco offers best certification exams including 642-974 Cisco Data Center Network Infrastructure and Cisco ICND2 640-816 to help you make cisco Certified Professional and Juniper JN0-570 JNCIS-SSL certified professional.
Comments