Possibly, but not easy. The important factor to keep in mind with Beijing is that this government has a very long, very deep history of telling lies about numbers. In the distant past false numbers led to mass starvation and today it could easily lead to significant social unrest. Even the fourth quarter of 2008 GDP number was widely rumored to be false and now another low number. It's possible that their own stimulus plan will start to kick in but this is an export driven economy and who in the West is buying? Reuters:
China's economy slowed in the first quarter to its weakest pace on record, but an improvement in data for March offers tentative signs that the worst may be over for the world's third-largest economy.
Annual gross domestic product growth fell to 6.1 percent, down from 6.8 percent in the fourth quarter of 2008 and slightly below economists' forecasts of a 6.3 percent rise. That marks the weakest growth since quarterly records began in 1992.
