September 26, 2019

China has achieved an economic miracle any other country would envy during 40 years of reform and opening-up - from stunning growth rates to a global economic powerhouse that ranks second in GDP and first in trade. 

But beyond the glamorous headlines lies another impressive achievement that few countries in the world could replicate: No economic crisis has hit China in the past 40 years. 

It shielded itself from the economic catastrophe even when the 1997 Asian financial crisis crippled most Asian economies and the US subprime crisis snowballed into a global financial tsunami in the late 2000s.

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http://www.globaltimes.cn/content/1165609.shtml