Is China heading for a hard landing and economic/social instability? Or will it rebound?
"China faced a severe deceleration of growth in the second half of 2008 based on a number of indicators: GDP, production of electricity, the Purchasing Managers' Index (PMI), weakness of auto sales, a fall in residential home sales, manufacturing data and falling imports and exports. In fact, calculated on a quarter-by-quarter basis like most other countries, Chinese growth (which is reported only on a year-on-year basis) was practically zero and even negative by some private sector estimates.However, there are greater signs of economic recovery in March from the depths of the fourth quarter of 2008, and most forward-looking indicators suggest that from the second to the fourth quarter of 2009, growth will accelerate relative to the dismal fourth quarter of 2008 and weak first quarter of 2009".
http://www.forbes.com/2009/04/08/china-economy-yuan-exports-opinions-columnists-nouriel-roubini.html
