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Thread: Chinese economy is fragile?

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[quote=ZOEY,268434]The news paper says that the recent heavy snow has caused great damage to China's economy. The total direct economic loss has reached 32.67 billion yuan. Those experts estimate that heavy snow will make GDP growth rate go down 0.5 percent and CPI surge 0.3 percent. It is said that the CPI in January is expected to reach 6.5 percent. On the other and, the exports and trade surplus will also be reduced.

Some foreign media also reported and showed their great concern on snow disaster in China. In a report, the author says that the snow storms have shown the vulnerabilities of China' s booming economy. A professor says that the snow crisis has exposed the fragile infrastructure and the government underestimates the impact of the snow storms. What's more, the power shortage has also revealed that the energy policy has some flaws.

Is Chinese economy as vulnerable as they said? Will it resume after the snow thawed? How do you estimate the impact of the snow storms on Chinese economy?[/quote]

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