Sunday, April 26, 2009

China's GDP Growth Slows to a 17 Year Low

This clip states that China's GDP growth grew at a mere 6%, its lowest rate since 1992. The growth decline has been less global demand for Chinese made products with exports declining 20% from this time last year. Domestically China's (USD) 600 Billion dollar stimulus is contributing to heightened domestic growth with China's stock market up and auto sales growing to record levels. But as the former blog post shows, growing consumption of auto sales has its own social and long term economic impacts.

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