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01-28-2008, 05:16 PM #1
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U.S. Recession a ‘Win-Win’ For China
U.S. Recession a ‘Win-Win’ For China
A U.S. recession may actually help rather than hurt China’s economy, according to a senior Chinese government researcher.
A slowdown in U.S. consumption might not necessarily lead to the reduction of its imports from China, says Mei Xinyu, at the Chinese Ministry of Commerce.
As an added bonus, a slowdown is likely to make U.S. technological imports to China cheaper, fostering development of the Asian giant.
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