12 Nov, 2008
Chinese brace for cracks in ‘miracle’ economy
Posted by: admin In: Around Beijing| News
BEIJING – China is greeting the financial crisis with a sense of alarm.
“The economic crisis has arrived, are you ready?” asked one Chinese blogger recently.
It was one of the many tell-tale signs that the tumult is beginning to touch China’s once booming economy.
While Beijing has recently responded with a massive stimulus package to forestall a potential crisis, the Internet is abuzz with ordinary folks exchanging inventive tips to cope with the challenges ahead.
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| Reuters |
A man holds a baby as he sits in front of a poster begging for work on a walkway bridge above a main road in Beijing on Nov. 5, 2008. |
Another blogger called on China’s youth “not to fear empty wallets or unemployment.”
“We are young and can start again,” he said, and went on to describe how to outsmart the economic downturn. ”Don’t ask the boss for pay raise,” he advised. “Layoffs start with those with high salaries.”
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