Fisher: China’s Economy Can Weather a Global Recession — if One Even Hits

On China’s economy, gloom and doom is all Western commentators see. They fret China’s real estate slowdown, weaker domestic data and reactive Covid measures, arguing only exports sustain growth. Now, with many fearing a global recession, they also fear these teetering — potentially unleashing the long-feared, rarely seen economic “hard landing” that extends China’s bear market. Mid-October’s delayed release of preliminary Chinese trade data only amplified Westerners’ slowing-export worries. But don’t fear. Most data don’t point to a deep global recession. Even if a shallow one comes, China’s economy has weathered worse before. It can now. Here is a comprehensive look at present realities.