deutsche-forecasts-a-rough-road-ahead-for-china

Deutsche forecasts a rough road ahead for China

Jun Ma, chief economist for Greater China at Deutsche Bank, predicts a rocky economic outlook for the mainland in 2009, but sees signs of improvement next year.

By Lara Wozniak

January 18, 2009

As the global economy embarks on its most severe contraction since the Great Depression, China faces perhaps its biggest economic challenge since it adopted a market-based economy in 1979. Jun Ma, chief economist for Greater China at Deutsche Bank, predicts a bumpy road ahead for the worldÆs fastest-growing economy in 2009, but with clear signs for a recovery in 2010.

Barely a year ago, we were talking of China decoupling from the global economy. How do you see China performing in 2009
We never subscribed to the theory of decoupling. If anything, ChinaÆs economy has become more dependent on global demand for growth. Developing the export sector has worked extremely well for China, as demonstrated...

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