As to the myth of the indomitable Chinese economy taking over the world …
XI’AN, China — A nationwide real estate downturn, stalling exports and declining consumer confidence have produced what a Chinese cabinet adviser, quoted on the official government Web site on Thursday, characterized as a “sharp slowdown in the economy.”
Though the Chinese economy continues to expand, construction workers are losing jobs in droves and retail sales grew last month at the slowest pace in more than three years. Investments in fixed assets have increased more slowly this year than in any year since 2001.
Typically, the law also requires teens getting their licenses for the first time to complete a drivers’ education course before cialis tablets india obtaining a license. As the circulation increases, more blood is pushed to the discount levitra male reproductive organs. Myths super viagra uk and Facts Myth 1: – Only males require medical treatment for sexual dysfunction. The huge ad is for retaining the cialis generic purchase current medical market and get touch to the patients. China’s economy was 8.1 percent larger in the first quarter of this year than a year earlier, but virtually all of that growth took place last year. The economy barely grew in the first quarter compared with the fourth quarter of 2011, and the second quarter of this year is likely to show even less growth from the preceding quarter, said Diana Choyleva, a China economist in the Hong Kong office of Lombard Street Research.
The World Bank also warned on Wednesday of a slowdown.
“Clearly the economy is much, much weaker than most people thought until recently,” Ms. Choyleva said. “They have a real mess on their hands.”
