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China Focus – China’s Economy–a hard, soft or crash landing?
Tuesday, August 28, 2012 18:40
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There have been increasing signs that China's economy could be in more trouble than authorities would like to admit. Over the weekend, Chinese Premier Wen Jiabao visited southern Guangdong Province. There, where China's manufacturing hub is located, factories are closing down or have already become bankrupt, because exports have sharply declined. It's not just exports either—though the impact of the global slowdown has left its dent on the export-dependent economy. Other indicators, like a drop in electricity output, freight numbers and rising bad debt are all adding to questions just how bad China's economic landing will be. In this episode of China Focus, we look at just that—is China's economy headed to a hard landing, soft landing or even a crash landing.
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2012-08-28 18:23:21
Source: http://www.youtube.com/watch?v=SYfbG-gWVjc&feature=youtube_gdata
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