China battles economic slowdown
Friday, December 2nd, 2011 at
4:02 am
New figures show that China's manufacturing sector shrank in November for the first time since February 2009. Vice-Finance Minister Zhu Guangyao has said the world's economic troubles today are more serious than the Lehman Brothers crash of 2008. Al Jazeera's Harry Fawcett reports.
Tags: english, economy, asianews, harry fawcett, jazeera, al jazeera, aljazeera, china, al
Like this post? Subscribe to our RSS feed and get loads more!
Money is just disappearing from every country
Yeah. Bail out the world again.
It's getting close to 2012 and every country is falling by their OWN system ! OMG 2012 is real!
@minerva3181 i agree. a more serious crisis is now evolving and the west's reserves are already depleted from the previous one. total meltdown indeed.
The worst is yet to come. Property bubble burst + export slowdown + bad debts piling up in banking system = TOTAL MELTDOWN. In comparison, the Euro debt crisis is only a tea party.
@HDaviator
That is the only reason china is competitive.
@HDaviator ya then they could go back to slave labour for the Chinese government instead huh?!!
Well if western countries have less money to spend(China's primary export) then China gets less money.
@drkillaser
China's MANUFACTURING is in risk now; a bit different than lehman crises which were basically 'moving money around'
The whole chabang is about to collaps.
US drowning in its debt, Greece sank and is pulling EU underwater too...China suffers from that and is saying the situation in China is more difficult that it was in the late 00s crisis...wtf all right???...guess that the Global Economical Collapse is soon.
If you run a business, you want your customers to have money. If the economy in the west isn't good, the people who sell to the west suffer too. Basic.
Perhaps if the Chinese government stopped allowing foreign companies to exploit its citizens, I would feel more sympathetic.