Archive for the ‘protectionist’ Category

US recession may not take big toll on China: experts

January 9, 2008
By P. Parameswaran 

WASHINGTON (AFP) – A US recession will dampen China‘s surging exports but the impact on the world’s most populous nation, which is taking steps to cool down a red-hot economy, may be limited, experts say.

But they also cautioned that Beijing must be prepared to face protectionist trade policies from Washington as a result of a recession, with the sub-prime mortgage crisis and the credit rout showing little sign of easing.

Many experts believe there is a greater than a 50 percent likelihood of the United States, a huge absorber of Chinese exports, plunging into at least a short, shallow recession over the next 18 months or so.

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