Will China lift us out of this depression?

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jeffhoard | 3 years ago

It would certainly be nice wouldn't it. China is having their own recession problems (joblessness, factories closing) but that only hurts the already poor considering their factories are practically slave labour. The people in China with money appear to be going on a buying spree, taking advantage of global bargains and helping bail out foreign countries. Although they have the money I personally don't think China can single handedly end the recession/depression.

http://www.csmonitor.com/2009/0220/p25s19-wosc.html

Here is a Wall Street Journal article about how they are dealing the recession.

http://blogs.wsj.com/economics/2009/01/22/what-does-recession-in-china-look-like/

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spideybolt | 3 years, 1 month ago

I think China's booming economy will help us slowlly to be lifted out of the depression/recesion, but I don't think they are the only thing that will lift us out of the deppression.

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