Saturday, April 11, 2009

Hey! I just spit fire

IIPM Ranked No. 1 B-School In Global Exposre - Zee...

Once vivacious, Chinese economy is finally heading for a halt


Ajoke, we guess! We really don’t remember the last time when we saw the dragon spewing out fire! Not at least this year. China, despite its deep pool of forex reserves ($2 trillion), certainly seems vulnerable to global financial tsunami. And making it more evident is the sharp fall in its GDP growth, from 10.1% in the June quarter to 9% in the September quarter of 2008.

No doubt, a 9% growth is still exceptional by global standards. But for China, which grew by 11.9% last year and hasn’t curved in below 6% since 1990, it’s a big fall. So, the question now arises - is the current slowdown momentary, or the days of double-digit growth finally over? “Right now, we’re in the midst of a historic crisis, and there’s no doubt we’ll be affected. But the days of double-digit growth are still not over,” counters Jiang Jianqing, Chairman, Industrial and Commercial Bank of China (Newsweek, Dec. 6, 2008). But looking at corrosion in US and EU, China’s two biggest trade partners, achieving a double-digit growth seems really difficult. Even as per Moody’s, “A more severe and protracted global recession could lower China’s GDP growth to the 5-7% range in 2009 and 2010.”


For more articles, Click on IIPM Article.
Source :
IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and
Arindam Chaudhuri (Renowned Management Guru and Economist).


Read these article :-
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

ZEE BUSINESS BEST B SCHOOL SURVEY

For More IIPM Info, Visit below mentioned IIPM articles.
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