China's economy is still heading downward

A further slowdown in GDP growth in China and high levels of unemployment will affect the population's propensity to spend, meaning domestic consumption is unlikely to make up for falling exports.

A further slowdown in GDP growth in China and high levels of unemployment will affect the population's propensity to spend, meaning domestic consumption is unlikely to make up for falling exports.

As soon as it became apparent that the financial crisis was no temporary matter, the Chinese government was quick to put forward Rmb4 trillion $585 billion to bolster its economy. The latest data confirms that this support was necessary, but observers say it will take some time for the...

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