In the first three quarters of 2008, China's GDP (gross domestic product) growth rate of 9. 9%, 2% loss compared to 2007. This is a 5-year, China's GDP growth for the first time less than 10%.

I was very surprised to see that China's remarkable economic slowdown to 6. 8% in the fourth quarter, the lowest point in a few years, due to weaker demand, domestic production and investment activities in the occasion of the worsening global economic recession decline.

Earlier this year, the Chinese worry about inflation. However, as the decline in inflation, economic cycle, down from 7. From 9 years in the first part of 4%. 6%, in September. Is easy to explain why China's market suffered losses. For example, the Bank of China to buy U.S. bonds or the formation of other banks bad debts. Therefore, these banks are affected, because of its losses. For example, China's largest bank, Industrial and Commercial Bank of bad debts to pay $ 3.6 billion. In the fourth quarter, its losses were six times higher than in the third. These losses are based on bad debts and falling prices of the stock market, which is the result of the financial crisis.

Government data showed that inflation continued to decline in December, raising concerns the possibility of deflation, and may promting Beijing to intensify its efforts to promote economic growth, supported to 8%, which is the lowest, and the need to create sufficient employment opportunities. Although the growth rate to slow down in November in Beijing a total USD 4 trillion yuan (89.1 billion U.S. dollars), resulting in infrastructure investment plan, in 2010 five cuts lending rate 216 basis points since mid-September.

Taking into account the case of exports, country, exports from China that is affected by the crisis countries. These countries, such as the United States and European countries, to try to save their own economic realities. Therefore, to resist the vicious cycle, enhance the range and avoid unemployment. These particular countries are afraid of depression, which is why we have to reduce the demand for imported goods. For example, the German government believes that subsidies are completely made in Germany product. This means that to obtain foreign subsidiary losses.

My Government hopes to enhance its market. The money will be invested in housing, infrastructure, roads, railways, airports, as well as education and health systems. In addition, the support exports. Dependence on the export market should be reduced. Therefore, the direct and sustained economic growth will be saved.

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Tags: bad debts, Chinese, Economy, global economic recession, Slowdown