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What's new in China in the context of the world crisis?

Research output: Not indexed journal articleArticle

Abstract

China is coming out into the word, and in spite of the global crisis it is a rapidly growing market with a 280 millon strong middle class which is expected to double over the next twenty years. Nowadays to this middle class you have to add an upper class of over 10 millon people. Unlike in many Western countries, domestic consumption is growing and this can partly offset the decline in exports. The Stimulus Plan is beginning to give its first results with an increase in domestic cunsumption and also a reduction in the fall in foreign investment and exports.
Original languageEnglish
Pages8-10
Specialist publicationESADE Alumni
Publication statusPublished - 1 Mar 2010

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