China battles economic slowdown
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Uploaded by AlJazeeraEnglish on Dec 1, 2011
New figures show that China's manufacturing sector shrank in November for the first time since February 2009.
Vice-Finance Minister Zhu Guangyao has said the world's economic troubles today are more serious than the Lehman Brothers crash of 2008.
Al Jazeera's Harry Fawcett reports.
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Money is just disappearing from every country
PublicAwkwardness 2 months ago
Yeah. Bail out the world again.
yourtreat2 2 months ago
It's getting close to 2012 and every country is falling by their OWN system ! OMG 2012 is real!
TheHtjohn 2 months ago
@minerva3181 i agree. a more serious crisis is now evolving and the west's reserves are already depleted from the previous one. total meltdown indeed.
angrymalakas 2 months ago
The worst is yet to come. Property bubble burst + export slowdown + bad debts piling up in banking system = TOTAL MELTDOWN. In comparison, the Euro debt crisis is only a tea party.
minerva3181 2 months ago
@HDaviator
That is the only reason china is competitive.
FlankerVT 2 months ago
@HDaviator ya then they could go back to slave labour for the Chinese government instead huh?!!
MegaHouseGuy 2 months ago
Well if western countries have less money to spend(China's primary export) then China gets less money.
Herimia 2 months ago
@drkillaser
China's MANUFACTURING is in risk now; a bit different than lehman crises which were basically 'moving money around'
Warsie 2 months ago
The whole chabang is about to collaps.
panthera50 2 months ago