, Columnist
China Won't Be Able to Bail Us Out This Time
During past crises, Beijing’s largesse buoyed regional growth. Don't expect a repeat performance in this downturn.
Help’s not on the way.
Qilai Shen/Bloomberg
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As bad as China's economic dive is, the slump is even more perilous for the rest of Asia. The region stands to lose its growth patron.
China's gross domestic product fell 6.8% in the first quarter from a year earlier, the government said Friday, the worst performance since at least 1992. Even before this dismal result, the International Monetary Fund predicted Asia would see zero growth this year.