Saturday, January 24, 2009

Growth slows but China is not collapsing

The rest of the world had hoped that strong economic growth in China would create the demand to get the world's economy moving again.

But after five years of annual double-digit increases in China's gross domestic product, or GDP, it has slipped back to single digits.

This latest data suggests that China will not be such an impressive engine for global economic growth anymore, at least in the short term.

China Properties News

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