Post-SARS period economic trends in China

Author: Qiao Mu
Publisher:
Publish Date: 2003-08-01
Features: As the saying goes, "Be prepared for the unexpected." A sudden disaster struck China's economy, which had achieved a first-quarter growth of 9.9%, with a "spring frost." The gradually spreading SARS virus pushed China into the spotlight of international public opinion: How significant would the impact of the epidemic be on the economy? Could China's economy withstand such a severe natural disaster and maintain its high-speed growth? Would China remain the lone star as it did during the 1997 financial crisis? China's economy has never grown in a (greenhouse) free of wind and waves; every storm has made it stronger through adversity. In the fight against SARS, with one hand holding prevention and control, and the other promoting development, China's economy demonstrated its courage and wisdom in battling the disaster in its unique way. As the SARS epidemic subsides and economic activities gradually resume, entering the "post-SARS era," how will China's economy respond to the world's questioning gaze, proving its mature elegance and unstoppable forward momentum after weathering the crisis?