Columbia International Affairs Online: Policy Briefs

CIAO DATE: 11/2009

Country Economic Forecasts: China

December 2008

Oxford Economics

Abstract

A turn in the domestic investment cycle has been coupled with a dramatic slowdown in external demand, leaving China weathering storms on both fronts. But with the government announcing an unprecedented fiscal package and with fewer structural problems to contend with than in earlier downturns, China is likely to fare better than in previous domestically-driven slowdowns such as in the early-1980s and 1990s.