The news from China in recent weeks has been dire. Violent strikes and protests are reported almost daily. Millions of workers are out of jobs. Economic indicators presage more gloom, with electricity production for industry falling 4% in October, the first time it has declined in a decade.
The gloom-and-doom camp makes a persuasive case. Nouriel Roubini, a professor at New York University, had been warning for years of the dangers of an international financial implosion — and the current economic crisis proved him depressingly right. In a recent article Roubini has laid out a bleak scenario for China. 'The risk of a hard landing in China is sharply rising,' he writes. 'A deceleration in the Chinese growth rate ... is highly likely, and an even worse outcome cannot be ruled out.'
But a clique of China specialists inside the country predicts a different outcome. They believe that a range of factors unique to China will not only preserve it from the worst of the global meltdown but also keep its economy chugging along at about 8% GDP growth in 2009.
camp
The news from China in recent weeks has been dire. Violent strikes and protests are reported almost daily. Millions of workers are out of jobs. Economic indicators presage more gloom, with electricity production for industry falling 4% in October, the first time it has declined in a decade. So is China — the "fragile superpower," as historian Susan Shirk memorably termed it — about to experience the one thing its leaders have feared for years: a so-called hard landing of its economy that could spark widespread social unrest?
The gloom-and-doom camp makes a persuasive case. Nouriel Roubini, a professor at New York University, had been warning for years of the dangers of an international financial implosion — and the current economic crisis proved him depressingly right. In a recent article Roubini has laid out a bleak scenario for China. "The risk of a hard landing in China is sharply rising," he writes. "A deceleration in the Chinese growth rate ... is highly likely, and an even worse outcome cannot be ruled out." But a clique of China specialists inside the country predicts a different outcome. They believe that a range of factors unique to China will not only preserve it from the worst of the global meltdown but also keep its economy chugging along at about 8% GDP growth in 2009.
すみません 教えてください(´＿｀。)
2つ目の文の "The gloom-and-doom camp"の "camp"はどういう意味でしょうか。
宜しくお願いします。
お礼
あ なるほど 悲観的予測をしている陣営の予測が 明らかな実例になっている ということだったのですね ありがとうございました(´＿｀。)