No strong GDP bounce yet

• Published 30 Apr 2009

April has been a month of sunshine and showers for analysis on the Chinese economy.

"Chaotic times throw forth heroes", as the old Chinese saying goes. A more contemporary working of this phrase, applied to the economy, might be: "Difficult times throw forth key reforms". It was thus when Chinese leader Deng Xiaoping, facing a rural crisis in the late 1970s, turned a blind eye to farmers challenging the commune system by tilling their own plots. It was also thus a few years later when Beijing, faced with a youth unemployment crisis, allowed some people to engage in private enterprise. And it was thus during the sharp slowdown of 1998 when Zhu Rongji, the then premier, pushed through the privatisation of the country’s housing stock.

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Other Articles on this Issue

• In Depth

  The Great GDP Debate: Believers vs Naysayers

• The Best of Chinese Commentators

  Nerves jangle over two stock market prospects

  Alarm bells over SOE profit growth

• The Big Call

  Land monetisation spreads

• News In Review

  18th - 30th April

• Forbidden City

  Loan growth falls off a cliff

• Consumer China

  Travel’s tepid sun

  Competition erodes Ctrip dominance

  Hotels rush downmarket

  Big three airlines return from abyss

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