China Looks Vulnerable In Face of Financial Crisis
Gideon Rachman, Financial Times | December 16, 2008
Protests and strikes have taken place among laid-off workers across China as the financial crisis begins to hit. ++ Global demand for Chinese goods is likely to plummet in 2009, creating heightened tension between the US and China. ++ Protectionist measures in the US, which are likely to be emulated in the EU, will hit the Chinese export market very hard. ++ The Chinese economy is characteristically unpredictable; nonetheless, its political system is looking very vulnerable in the face of “the convulsions of capitalism.”
