China’s economic chill
After 30 years of market-oriented reforms, how will China react to the financial crisis?
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China is feeling the chill of the current financial crisis as it celebrates three decades of successful market-oriented reforms.
This economic success was helped by a vibrant industrial and agro-industrial eonomy that satisfied every need of any market in the world.
Now China, which relies heavily on exports, is reviewing its growth figures for the coming years.
Hundreds of factories have already closed, resulting in increasing numbers of jobless.
So what does that mean for China? Will it cut back on further economic reforms?
Inside Story, with presenter Shiulie Gosh, discusses.
This episode of Inside Story aired on Sunday, December 21, at 1730 GMT and is repeated on Sunday at 2230GMT and on Monday at 0430GMT and 0830GMT.