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China’s GDP Falters – Long Term Growth Puts it at Number 2 in the World by 2011 Or 2012
Currently, China has been growing so fast it’s been over heating with 10% plus year over year GDP Growth. Of course, her biggest trading partner is the United States of America and right now our economy and Middle Class Consumer has stopped spending, this is putting the brakes on the Chinese economic momentum. In 2008, China passed Germany for the third largest economy in the world with $3.6 Billion GDP. In 2009, it appears that China’s huge growth may slow, but it will still have positive growth.
Is Throwing Money at the Mortgage Market the Solution?You may have noticed over the last month many countries have past bills in their governments to inject substantial amounts of cash into their banking system. They have done this on the understanding that all the bad loans also known as toxic debt is weakening the institutions and rendering us unable to borrow money so leaving us all worse off as a result.
