Dear Colleagues,

We’ve just read a most interesting article, “Contrasting Forecasts for China,” released by China Digital Times (an aggregator of news and analysis from China) on September 1st.

This article deals with both sides of attitude towards the developments in China as a result of the impact of the Western economic crisis on China’s own development. Obviously, China, in its forthcoming 5-year plan, is taking into account the fact that they had depended too much on foreign exports, which backfired with the Western economic crisis.

The article summarizes all negative possibilities, raises questions about US policy on the basis of these prospects, and ends with the opinion of former Australian Prime Minister Kevin Rudd, who describes himself as “an optimist for the future of the Chinese economy.” The material is most comprehensive.



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