http://www.chinalawandbusiness.com/2008/04/new-word-for-the-bubble-bursting-slow-growth/ China law blog covering Chinese law, business, and non-profits by Thomas Chow Wed, 24 Feb 2010 02:38:33 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.chinalawandbusiness.com/2008/04/new-word-for-the-bubble-bursting-slow-growth/comment-page-1/#comment-250 China Hearsay: China law, business, and economics commentary Mon, 07 Apr 2008 04:33:42 +0000 http://www.chinalawandbusiness.com/2008/04/03/new-word-for-the-bubble-bursting-slow-growth/#comment-250 [...] Thomas Chow takes the press to task for hyperbolic language on the Chinese economy. Some good stuff here. It’s easy to write a story about a tanking stock market and extrapolate about the nature of the economy as a whole. But it just isn’t accurate, and 10% growth, as Thomas rightly points out, ain’t nothing to sneeze at. So now what? Is this a bandwagon idea or is the economy really about to tank? Somehow I doubt its the latter. I will not play Chicken Little and say the Chinese economy is about to keel over and die. Just because the stock market bubble burst and people can no longer play cards around the stock exchange, does this mean China is in dire circumstances? No way. Even with an inflated figure of 10% growth, China’s economy has far more resistance than what all of the doom-and-gloom media outlets have been saying. [...] [...] Thomas Chow takes the press to task for hyperbolic language on the Chinese economy. Some good stuff here. It’s easy to write a story about a tanking stock market and extrapolate about the nature of the economy as a whole. But it just isn’t accurate, and 10% growth, as Thomas rightly points out, ain’t nothing to sneeze at. So now what? Is this a bandwagon idea or is the economy really about to tank? Somehow I doubt its the latter. I will not play Chicken Little and say the Chinese economy is about to keel over and die. Just because the stock market bubble burst and people can no longer play cards around the stock exchange, does this mean China is in dire circumstances? No way. Even with an inflated figure of 10% growth, China’s economy has far more resistance than what all of the doom-and-gloom media outlets have been saying. [...]

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