Confidence and caution

With early signs that the national economy may be bottoming out, Chinese policymakers can surely be more confident about the stimulus plan they adopted to counter the global financial crisis and recession.

However, high hopes that China can be the first to recover from the current crisis do not mean that caution is not needed.

Emerging uncertainties like climbing unemployment across the country are a cause for concern. And the fight against the economic downturn is clearly far from over.