financial crisis 2009

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China’s Economy Shows Strong Growth

China’s economy is poised to overtake Japan’s to become the second largest in the world. From the BBC: China says its economy expanded by 8.7% in 2009, exceeding even the government’s own initial expectations....

Robert Scheer: Don’t Blame China

On Truthdig (via The Nation), Robert Scheer argues that those blaming China for the global financial woes are off-base: Citigroup led the way into the massive marketing of toxic collateralized debt obligations that has brought...

China Says Already Reached 2009 New Job Target

According to state reports, China has reached its job creation targets for 2009. From Ben Blanchard for Reuters, via Forbes: In the first 10 months of the year China already exceeded the number of new jobs it aimed to create in...

China Takes a New Look at Marxism

In Asia Times, Francesco Sisci writes about a renewed faith in Marxism in China, in the wake of the global financial crisis: The strong emphasis on Marxism has been echoed by headlines in recent months. The current economic...

Everything You Know About China Is Wrong

Newsweek aims to subvert some of the conventional wisdom about China by looking at six myths about the country: The conventional wisdom is that China is steaming through the global financial crisis by building on the momentum...

Amid the Global Economic Crisis, China Rises

AP looks at how China will emerge from the global financial crisis: Explosive growth in China and India, coupled with Japan’s clout as the world’s No. 2 economy, has long been expected to shift economic power from...

Can China Lead a Recovery?

Some observers are hoping a rising consumerism in China will help global markets rebound. The Washington Post visits shopping malls in Beijing to see whether progress is being made: One year after the global economy went into a...

Philip Bowring: Chinese Exceptionalism

In the New York Times, Philip Bowring writes that while much of the world has “chafed against” U.S. exceptionalism in the global economic order, in fact China enjoys an exceptionalism that is contributing to global...

Young Foreigners Hunt Jobs in China Amid Crisis

AP reports on young foreigners who are escaping bleak job prospects in the U.S. by moving to China: Young foreigners like Reasbeck are coming to China to look for work in its unfamiliar but less bleak economy, driven by the...

China’s FDI up 7%

Despite the economic downturn, there has been an increase in FDI (Foreign Direct Investment) in China in August for the first time since October 2008. China has received a total of 7.5 billion USD worth of foreign investment in...

China’s Workers Return to Cities

BBC reports on migrant workers who headed home during the economic downturn but are now returning to the cities in search of work: Chu Ching-Hu is one of an estimated 20 million migrants who gave up on life in the city earlier...

Asia’s Recovery Highlights China’s Ascendance

From the New York Times: In past global slowdowns, the United States invariably led the way out, followed by Europe and the rest of the world. But for the first time, the catalyst is coming from China and the rest of Asia, where...

Markets in China Fly High Once More

Optimistic financial news from the New York Times: Fueled by renewed confidence in economic growth in China and perhaps the kind of frenzied buying that took place a few years ago, Chinese stock prices are once again soaring....

Gordon G. Chang: Recovery In China? Not So Fast

Gordon Chang writes for Forbes: Last week, the World Bank delivered the news that everyone wanted to hear: The Chinese economy is on the road to recovery. In its June 2009 Quarterly Update, the institution lifted its estimate of...

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