No big affects on the Chinese economy
A global economic institution revealed; “The Chinese economy still maintain a rapid growth despite the global financial crisis. Its economic growth will reach between 8 to 9 % of the global economic recessionâ€.
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“The global financial crisis affects the capital credits and China has no problem in over-borrowing. The Chinese capital market is not open for the world, which is the other important reason to avoid being involved in the current crisis”, official in “Merrill Lynch” global institution says.
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“China will not face heavy economic wastes because it did not invest in the U.S. financial products, especially in the real estates. I think the Chinese economy will ameliorate during the next five or ten years”. He adds.
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By/Dalila Henache/APS