Far Eastern Economic Review, 2 Apr 2009, Brian P. Klein
Optimism for near-term China recovery, fueled by the widely reported $587 billion two-year stimulus package, is running high heading into the G-20 summit this week. Many countries are expecting Chinese demand to spur a new round of increased consumption. These hopes are unfortunately misplaced at the moment. The stimulus is neither large enough to stimulate demand lost from plummeting exports and declining investment, nor is it focused on addressing the concerns of the fragile middle class that might help China spend its way out of crisis.
Read More
