Houston Community News >>
12/21/2008-- The theory of Asia
‘decoupling’ from the world recession is disproved, as China’s economy
is rapidly slowing, with millions of jobs lost and a review pending on
its export-led strategy.
WHAT a difference a few months make! When the US sub-prime mortgage crisis was evolving, many analysts theorized that Asian economies were “decoupled” from the Western economies, and would continue their strong growth, especially with China pulling the rest along.
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WHAT a difference a few months make! When the US sub-prime mortgage crisis was evolving, many analysts theorized that Asian economies were “decoupled” from the Western economies, and would continue their strong growth, especially with China pulling the rest along.
Read More
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