China's Growth rate crumbles to 6 %

[GoFlyKiteNow]

Latest reports indicate that PRC's economic growth is in free fall..from a double digit 11%, it is now rapidly falling and will touch 6% this year.

Property prices have falle by 40% in Shanghai and other towns..Stock market values are down 50% and the threat or social unrest is real. Unemployment is record high and thousands of factories are closing every week.

Thats the gloomy picture right now...more to come...

 

[3_M]

So how about india growth?

 

[Satan]

There is nothing to jump for joy about. Sinkeeland economy is very much dependent on the US and China markets. The US is already in deep shit and will be for a while unless Obama can find a 'magic cure' which will also take a while and if China's economy fails to deliver, can you imagine what is going to happen to Sinkeeland? That coupled with the fact that more China workers are going to be out of a job in China will see them flooding more in Sinkeeland. I'd be afraid if I were you. Very afraid!!!

 

[VIBGYOR]

So how about india growth?

india still growing?

 

[dream_waker]

Latest reports indicate that PRC's economic growth is in free fall..from a double digit 11%, it is now rapidly falling and will touch 6% this year.

Property prices have falle by 40% in Shanghai and other towns..Stock market values are down 50% and the threat or social unrest is real. Unemployment is record high and thousands of factories are closing every week.

Thats the gloomy picture right now...more to come...

Fucktard, you are finally here.:oIo:

 

[GoFlyKiteNow]

The great "Asian Economic Hope" hype is starting to come apart.
Now, they are faced with a Trillion dollar plus bad loans, an economy
crumbling as the US cuts orders, causing factory closures, investments fizziling out.

Now, foreign companies are selling at discount, PRC bank shares and property shares..
In fact they are dumping these shares like crazy.