Who will be the first to get out of the crisis? This is undoubtedly a very attractive issue to the whole world. Zuoxiaolei, the chief economist of Galaxy Securities, recently wrote an article for this newspaper that three reasons support China.
Zuo Xiaolei believed that we are most concerned about whether the crisis would end in 2009, rather than whether China is the first or second in the recovery. Of course, it is also very meaningful to discuss the conditions for the possible rapid recovery of the Chinese economy, or why China has the initiative in economic recovery. At least, it can enhance our confidence in overcoming the crisis. I believe that there are three reasons why China can achieve economic recovery before developed countries such as Europe and the United States.