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Can Chinese Government Spending Avert Recession? A Report from Wenzhou

Published online by Cambridge University Press:  07 May 2025

John Garnaut
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China is spending nearly $1 trillion to revive its economy. Will it work? John Garnaut reports from Wenzhou City, Zhejiang.

Wenzhou, the heartland of Chinese capitalism, is once again fighting for its survival. The city was famously forsaken by Maoist China but it stayed alive and later thrived by building one of the most entrepreneurial and dynamic marketplaces on the planet.

Type
Research Article
Information
Asia-Pacific Journal , Volume 6 , Issue 11 , November 2008 , e18
Creative Commons
Creative Common License - CCCreative Common License - BYCreative Common License - NCCreative Common License - ND
This is an Open Access article, distributed under the terms of the Creative Commons Attribution-NonCommercial-No Derivatives licence (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is unaltered and is properly cited. The written permission of Cambridge University Press must be obtained for commercial re-use or in order to create a derivative work.
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Copyright © The Authors 2008