When history repeats itself, the first time is a tragedy; the next is a farce.…
A Note on the Nature and Sources of Chinese Recovery Vineet Kohli
With the help of data for the first three quarters of 2009, this note seeks to examine the nature of Chinese recovery. Three features of the Chinese recovery process are undeniable: the recovery has been state led, investment led and tertiary sector led. Stock and real estate market booms have accompanied the growth process but do not seem to be the major drivers of growth in this period.
China_Recovery (Download the full text in PDF format)