Experts Announce the Country that will be the First to Come Out of the Crisis
Predictably, it was not a surprise
VLADIVOSTOK. April 8. VOSTOK-MEDIA – According to the forecast of the World Bank experts, the People’s Republic of China is among the first to get over the crisis.
Economical recession of China will touch its bottom by the middle of 2009 and then there will be rapid economical recovery that will be strengthened in the next year.
Analysts predict that Chinese economy will render positive influence on the whole Asian region.
The Chinese economy may be one of the first to come out of the crisis because of the measures that were taken by its Government.
The official forecasts of China seem to be impressive in comparison with many other countries suffering financial crisis. The GDP of China is supposed to grow by 6.5 %. Though there are also negative data in regard to the Chinese economy: according to some reports, the unemployment rate keeps growing and the big warehouse inventory and excess capacity will be a real headache for state authorities for a long time.
That is why the bailout plan of the Chinese state officials is surely positive step to the right direction but it is not enough for compensation of external-economic problems. In connection with this the rapid restoration of the economy of China is scarcely possible. First of all the demand should be revived in developed countries.
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