China's growth contined during crisis while Mexico's fell
Submitted by mexbiznews on Thu, 09/02/2010 - 6:14am
El Semanario
The Chinese economy has withstood the global crisis with the global downturn registering only a catarrito -- a small bump -- in its spectacular upward trend, citing the Weekly in its online edition today.
While China's GDP growth reached 10.6 percent in the first quarter of 2008 and fell to a 6.2 percent growth a year later, Mexico's GDP growth fell from 2.6 percent to minus 7.9 percent, or a change in its annual rate of 10.5 percentage points
How did China maintain its explosive growth, while business customers around the world slashed purchase? There are several reasons.
