The recession now seems to have eased out, and at the end of it we certainly have learnt lessons that may facilitate keeping its successor at bay, whilst the mixed economy factor & maintaining a balance between indegeneous industry and foreign kept India afloat, China has kept afloat by increasing exports that it earlier restrained (its natural resources) and innovation.
In earlier articles my co-blogger had pointed out how innovation can be an important factor in keeping a stagnation at bay, and ofcourse a recession from digging its heels deep into a country.
While last year France and Japan launched their super fast trains the Shinkansen and the AGV (Automotrice Grande Vitesse), China to nip the recession in the bud has made a new innovation of the Bullet, the fastest train in the world.
The average speed of the high-speed railways is 243 km per hour in Japan, 232 km per hour in Germany and 277 km per hour in France. China’ Harmony Express reached a maximum speed of 394.2 km per hour during trail runs that begun on December 9.
And for the new year with a fresh outlook and new weapons against threats to international economies, China like many other has used an age old tactic to surmount what has surmounted the American Economy.
Alas, the long cold winter is now seeming to be on its last legs, unless a skeptic would pull out Krugman's theories and prove them to be closer to reality!
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