The global financial crisis is inescapable!

The global financial crisis is inescapable!
Dec 11, 2008 03:37
ZOEY Points: Join Date: Nov 29, 2004 Status: offline	When the financial crisis happened, the countries in the world was hoping that China could help them out. Now it seems to impossible now because China has also been trapped in the the global financial crisis. The official data reveals that foreigners are investing and buying less in China. FDI in November fell by 1/3 compared with that a year earlier. The exports alo fell by 2.2 percent. It is the first time that the exports have declined since Feb 2002. Does Chinese economy enter its downturn period? Seems that the financial crisis is inescapable.

Dec 11, 2008 03:37

ZOEY
Points:
Join Date: Nov 29, 2004
Status: offline

When the financial crisis happened, the countries in the world was hoping that China could help them out. Now it seems to impossible now because China has also been trapped in the the global financial crisis.

The official data reveals that foreigners are investing and buying less in China. FDI in November fell by 1/3 compared with that a year earlier. The exports alo fell by 2.2 percent. It is the first time that the exports have declined since Feb 2002.

Does Chinese economy enter its downturn period? Seems that the financial crisis is inescapable.

Dec 11, 2008 19:48	#1
JOSHIRV57 Points: Join Date: Oct 9, 2008 Status: Offline	What a brilliant deduction.

Dec 11, 2008 22:15	#2
JIMMYB Points: Join Date: Feb 7, 2007 Status: Offline	Zoey, China is not isolated anymore. The external environment has changed (the global crisis has happened). So China of course has been affected. However, the situation seems better than that in other countries. Maybe, the "symptoms" haven't appeared yet.

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