The roots of China's rapid recovery
Tuesday, February 16, 2010
For much of the world, China's ability to shrug off the global financial crisis and maintain a strong growth trajectory in 2010 and 2011 seems too easy.
But securing China's growth has been anything but easy. The strong, decisive, and deftly timed stimulus policies at the start of the financial crisis did, of course, play a major role in China's quick rebound. As early as October 2008, when the crisis first hit, China's government adopted a comprehensive policy package designed to prevent the economy from sliding further. The fiscal deficit was equivalent to 3% of GDP in 2009, which generated 3% GDP growth, while the deficit in 2008 was literally zero.
The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...