Looking ahead, the growth rate of the Chinese economy is unlikely to reach dramatic levels, but it is likely to rise gradually as these policy measures start producing effects. In the NIEs and the ASEAN economies, exports have been affected by the slowdown in Europe and China, but domestic demand has been firm on the whole, and production has been recovering moderately.
(As is well known, partner pressure inhibited burden-sharing with the holders of senior Anglo Irish / IBRC debt even after the guarantee ran out leaving more than € billion unguaranteed. This is a point which needs to be borne in mind by those who focus too exclusively on the famous night of the guarantee.