101 East - China s Economy - 06 Mar 08 - Pt 2

Description: The US economy is facing the prospect of a recession, with the sub-prime credit crunch adding to its problems. But many analysts are looking to China to pick up the global economic slack. China's phenomenal expansion in the last 25 years, with current growth roaring ahead at more than ten per cent annually, has raised hopes that its strength could insulate Asia from the weakening American economy. That has not been an entirely painless process; inflation on the mainland has been climbing, ...