摘要
It has been an accepted fact that the sweeping financial crisis has thrown the world economy into a tailspin.Some Western countries are succumbing to a deepening recession.In China,the chilly winds blowing through the global economy have even put a damper on this year’s lunar New Year. The looming question now is which country will be the first to bottom out—the United States or China?Have they laid the groundwork for recovery?Zuo Xiaolei,chief economist at China Galaxy Securities Co.Ltd.in Beijing,discussed these questions in a recent article in the China Securities Journal.Edited excerpts follow:
It has been an accepted fact that the sweeping financial crisis has thrown the world economy into a tailspin.Some Western countries are succumbing to a deepening recession.In China,the chilly winds blowing through the global economy have even put a damper on this year’s lunar New Year. The looming question now is which country will be the first to bottom out-the United States or China?Have they laid the groundwork for recovery?Zuo Xiaolei,chief economist at China Galaxy Securities Co.Ltd.in Beijing,discussed these questions in a recent article in the China Securities Journal.Edited excerpts
