Capital Commerce

Big Trouble in Slowing China

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Posted: October 21, 2008

Keep an eye on slowing economic growth in China. I have written previously about the risk of political turmoil should the nation's hypergrowth subside, since that has become the sole justification for the Communists holding power. The always insightful Don Straszheim of Roth Capital sees China's economy slowing to just 6.5 percent GDP growth next year. That is the equivalent of a recession in China. Where will the jobs come from for the 20 million people who flood the cities every year from the farms?

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Slowing China

THis is indeed very troublesome. The big bailout package only reinforces your point, that the government is willing to take massive risks to either hit a home run on the economy or really drive it to the precipice by taking such a huge gamble through the bail out package.

Michael Ng of TX @ Nov 10, 2008 19:36:57 PM

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