Global Economy

[Guest]

<b>China GDP Growth May Cool to Slowest Pace in 7 Years</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->China’s era of hyper-growth is coming to a sudden, very disruptive end,” said Kevin Lai, an economist with the Daiwa Institute of Research in Hong Kong. “China’s imports are slumping dramatically and the rest of Asia relies on it very significantly.”
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After vaulting past Germany to become the world’s third- biggest economy in 2007, <b>China may this year face its first drop in shipments since at least 1990.</b>
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Besides the export slowdown, slumps in stocks and property are undermining consumer confidence and growth.
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<b>Among the biggest losers from China’s waning demand are Taiwan, which shipped almost 36 percent of its exports to China in 2007; South Korea, which sent 25 percent; and Japan, which shipped 19 percent</b>, according to UBS AG.
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<b>At home, as many as 4 million migrant workers lost their jobs last year as factories closed and that figure is likely to jump another 5 million in 2009, Credit Suisse AG estimates. </b><!--QuoteEnd--><!--QuoteEEnd-->
9 million adult unemployed, how China will use them?
With 2 trillion in pocket, War is not a bad idea.