A Weekly Digest of The World's Financial Press: Business Week
Comment on the enthusiasm over the resurgence of Asia's economies
Wednesday 28 April 1999
The strength of Asia's two biggest economies - Japan and China - is also in doubt. The IMF expects Japan's economy to shrink again in 1999. Meanwhile, China's economy is being kept afloat by enormous public-works spending. With state enterprises shedding millions of workers, exports weak, and its banks in trouble, China is struggling to maintain growth.
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