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 Předmět příspěvku: China's economic woes are no worse
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BEIJING, March 9 (Xinhua) -- Global prospects are gloomy Black Ziggy Ansah Jersey , stagnation has set in, and in the eye of the storm sits China.

Once the bellwether for global growth, China has increasingly found itself under the microscope after domestic markets experienced severe fluctuations. Yet, despite proclamations to the contrary, no crash materialized and the economy has maintained momentum.

However, this has done little to quell the storm whipped up by naysayers, who think they have plenty more reasons supporting their notions: local credit splurge, overcapacity Black Ameer Abdullah Jersey , factory activity contraction, foreign trade dive, and money outflow.

Critics of China have pontificated on these shortcomings the world over, especially as China's national legislature meets this month to hammer out a blueprint for economic and social development in the coming five years.

The mood at home, however, is not so downbeat.

Premier Li Keqiang, in his government work report on Saturday, called China's economy ""flexible"" and ""tenacious."" After all Black Barry Sanders Jersey , the country has huge foreign exchange reserves, low budget deficit, and the huge potential of urbanization.

Finance Minister Lou Jiwei, too, is confident, saying China has ""enough policy tools and huge space for reform"" to sustain medium-high expansion and achieve over 6.5 percent growth this year.

Can China make good use of those tools?

China's economic woes are no worse than other economy. So why all the pessimism?

The bottomline is that many economies have a biased distrust in China's ability to cope with the economic malaise.

hen President Xi Jinping launched an anti-corruption drive three years ago, there were murmurs that an extensive anti-graft campaign would undermine economic growth. The logic was driven by the belief that the secret to doing business in China was ""preferential policies.""

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 Předmět příspěvku: Re: China's economic woes are no worse
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