Author: CDT Money
Moderate pessimism continues as the main theme of economic news from China, as it faces turmoil in the EU – if considered a single economy, China’s largest trading partner – and rising concerns about the stability of the Chinese financial system. With confirmation of a $1.7 billion spending plan, the Chinese government is making a major effort to head off a serious recession.
Editor’s Note: This is the first installment of a new column, CDT Money, a once-a-week roundup of business and economic news from China. We’ll be giving an overview of business and economic trends from the world’s second-largest economy, as well as collecting the best news and analysis of the week from newspapers and the blogosphere. CDT Money is written by a freelance