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Slowdown in the Chinese Economy

Posted in : financialages.com

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  Fri, Nov 06 2009, 20:04

In the first three quarters of 2008, China's GDP (gross domestic product) growth rate of 9. 9%, 2% loss compared to 2007. This is a 5-year, China's GDP growth for the first time less than 10%. I was very surprised to see that China's remarkable economic slowdown to 6. 8% in the fourth quarter, the lowest point in a few years, due to weaker demand, domestic production and investment activities in the occasion of the worsening global economic recession decline. Earlier this year, the Chinese worry about inflation. However, as the decline in inflation, economic cycle, down from 7. From 9 years in the first part of 4%. 6%, in September. Is easy to explain why China's market suffered losses. For example, the Bank of China to buy U.S. bonds or the formation of other banks bad debts. Therefore, these banks are affected, because of its losses. For example, China's largest bank, Industrial and Commercial Bank of bad debts to pay $ 3.6 billion. In... http://financialages.com/economy/slowd...

[More related posts here] tags :  Chinese ,   economy ,   slowdown

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