In this McKinsey report, a panel of leading Chinese economists explains how the world’s fastest-growing economy has kept expanding despite the global downturn. China’s economy has demonstrated remarkable resilience in the midst of a worldwide slump. How has the country coped with the financial crisis? Is China finally emerging as an engine of global demand? Can its economy … [Read more...] about Is China recession proof?
chinese economy
Time for a More Equal Economic Partnership Between the U.S. and China?
Since China opened to the world some 30 years ago, China has witnessed unprecedented economic development and growth. However, the economic relationship China has with the West has been a decidedly subservient one. In the global economy, China would specialize in making high volume, low cost products in return for high value technology and services from the West. The profit … [Read more...] about Time for a More Equal Economic Partnership Between the U.S. and China?