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Thread: China's economy to grow slow in 2008
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[quote=JIMMYB,263302]If you can have only one word to sum up the scenario of China's economy, which one will you choose to describe the situation? My word will be inflation. The widespreading inflation in Chinese goods is the most distinguished feature of China's economy. The price of daily necessities hikes. The housing price is ridiculously high. The stock market experienced an unprecedented bullish market. China's economy is likely to expand at a slower rate in 2008 than it did in 2007, or by less than 11 percent, as the government tries to avoid overheating, according to Yao Jingyuan, the chief economist of the National Bureau of Statistics (NBS). It is high time for Chinese economy to cool down. The mounting inflation can be comprehened every corner of China. 2008, China's economy need to slow down? What's your opinion?[/quote]
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