101 East - China's Economy - 06 Mar 08 - Pt. 2

The US economy is facing the prospect of a recession, with the sub-prime credit crunch adding to its problems.

But many analysts are looking to China to pick up the global economic slack.

China's phenomenal expansion in the last 25 years, with current growth roaring ahead at more than ten per cent annually, has raised hopes that its strength could insulate Asia from the weakening American economy.

That has not been an entirely painless process; inflation on the mainland has been climbing, with many ordinary Chinese suffering as the cost of staple foods and goods soar.

So while for some there is optimism that Asia maybe able to weather the economic storm ahead, others warn that even here the economic picture is cloudy, forecasting lower growth rates and dangerous times ahead not just for China but for the rest of Asia as well.

Category:

News & Politics

Tags:

• 101
• East
• al
• jazeera
• aljazeera
• China
• Economy

[andyly0071]

god bless, please bring punishment to the shameless criminals who are now enjoying the bonus of the genocide to the native americans and blacks

[ctap0703]

nonsense!

[davisurdaneta]

The only way to stop China's dominance and future supremacy is to boycot all China made goods. Patronising their products is like aiding the Chinks on their evil ideology. Read their history, they are supressing religious belief and killing their own people in pursuit of their own evil interest.

[DragonToes13]

3 years

[AngelKuja]

mexicans will have to start moving to china from now on xD

~~ Francisco~~

[tsaitsai520]

the guy who speaks with an accent is really disgusting.

[BanjoNaps]

We already do friend. Do you know how much money their is in cleaning up ground water? You can make a killing if you have the right no how and resources. We need more knowledge.

[flashfan2]

your right but you need to work on your presentation

[Naijalok411]

^fag.

[aquamammal]

we need ecological economics, especially China, India, Brazil, Russia and the US.

Ecological Economics, wikipedia it.

Peace ya'll.