Tuesday, Dec 02, 2008
crashing China...
bloomberg: China Property Slump Threatens Global Economy as Growth Slows
House prices in Shanghai, Shenzhen and Guangzhou are plunging, and the global economy may grind almost to a halt next year because of it.
Construction of homes, offices and factories fell at least 16.6 percent in October after rising 32.5 percent a year earlier, according to Macquarie Securities Ltd. That's squeezing an economy already slowed by recessions in the U.S., Japan and Europe that have cut demand for exports.
Posted by mark @ 03:28 PM (136 views) Add Comment
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