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CHINA'S Premier, Wen Jiaboa, has warned that the world risks sliding back into recession and says his country faces a difficult year trying to maintain economic growth and spur development.
Originally posted by krystalice
China warns of another global downturn, looks like recession is not over yet. I don't like the words of double-dip recession.
Further so, China states that they do not intend to devalue their currency.
Is China telling us something, is perhaps this another hidden roller-coaster heading our way.
[url=http://www.perthnow.com.au/business/chinese-premier-wen-jiabao-warns-of-double-dip-recession/story-e6frg2qc-1225840767078]www.perthnow.com.au[/ur l]
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Originally posted by SLAYER69
I think everybody feels the same. I know all that I've been reading is headed towards that. Their markets are ready to implode. The Flood of Products and Services are the end game. Race to the bottom with the dollar.
[edit on 15-3-2010 by SLAYER69]
Originally posted by sos37
We'll see. If our government can avoid passing anymore handout legislation AKA "stimulus" packages then we might be okay. The economy will rebound on its own in due time.
But this health care mess - that current bill has the potential to drive our economy into the ground for good.
Originally posted by krystalice
Further so, China states that they do not intend to devalue their currency.
Is China telling us something, is perhaps this another hidden roller-coaster heading our way.
SHANGHAI — BYD, the Chinese automaker with backing from billionaire Warren Buffett, says its net profit more than tripled last year as the company's F3 sedan topped the country's list of best-selling autos. BYD is among several Chinese automakers whose fortunes have risen as sales took off last year, largely thanks to government tax cuts and subsidies aimed at boosting demand, especially for energy-efficient small vehicles.
The United States, the European Union and others have long been critical of China's yuan regime. Many U.S. lawmakers complain China's currency is undervalued by as much as 40 percent, undercutting the competitiveness of U.S. products.
The risks of deepening economic tensions between Washington and Beijing now hinge on a decision by the Obama administration about whether to call China a "currency manipulator" in a semi-annual Treasury Department report due out on April 15.
HONG KONG/SHANGHAI, March 15 (Reuters) - Shares in China
ended at a five-week closing low on Monday, weighing on Hong
Kong's market, amid investor expectations the central bank would
step up policy tightening measures after the release of
higher-than-expected inflation data last week.
The Shanghai Composite Index .SSEC finished down 1.21
percent at 2,976.939 points, extending Friday's 1.24 percent drop
and breaching the psychologically important 3,000-point level.