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Slowdown In China Gets Worse, Increasing Global Woes
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| Contributor | Jason |
| Last Edited | Jason Dec 11, 2008 01:19am |
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| Category | News |
| Media | Newspaper - Wall Street Journal |
| News Date | Thursday, December 11, 2008 07:00:00 AM UTC0:0 |
| Description | BEIJING -- Sudden declines in China's imports and exports show the country's economic slowdown is entering a new and more serious phase, exacerbating the global slump while jolting Chinese companies and workers used to years of soaring sales and salaries.
The surprising reversal adds to concerns over whether the Chinese economy -- on track to surpass Germany this year as the world's third-largest and the only one in the top tier still expanding -- can help support growth and stave off deeper financial pain elsewhere around the world. |
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