Comments on: Five predictions for the Chinese economy in 2010 http://www.eastasiaforum.org/2010/01/10/five-predictions-for-the-chinese-economy-in-2010/ Economics, Politics and Public Policy in East Asia and the Pacific Sun, 12 Feb 2012 22:50:38 +0000 hourly 1 http://wordpress.org/?v=3.2 By: David Michaelhttp://www.eastasiaforum.org/2010/01/10/five-predictions-for-the-chinese-economy-in-2010/comment-page-1/#comment-91036 David Michael Sun, 10 Jan 2010 23:36:41 +0000 http://www.eastasiaforum.org/?p=9023#comment-91036 Very informative Mr Huang. Two big points here that caught my attention: 1. Labour market flexibility 2. Resilience of the private sector, especially SMEs. These two factors, of course, are closely related because of the large number of people employed by SMEs and micro-enterprises. My interpretation of this information is that China is as much a market as centrally planned economy. An a very resilient market economy at that. On important message for observers from other countries is that they need to be cautious about simply thinking that a centrally planned economy works best during financial crisis'. Very informative Mr Huang. Two big points here that caught my attention:
1. Labour market flexibility
2. Resilience of the private sector, especially SMEs.

These two factors, of course, are closely related because of the large number of people employed by SMEs and micro-enterprises. My interpretation of this information is that China is as much a market as centrally planned economy. An a very resilient market economy at that.

On important message for observers from other countries is that they need to be cautious about simply thinking that a centrally planned economy works best during financial crisis’.

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