Friday, March 16, 2012

Down Down Down

Previously, China has hidden its economy's true state, but recently, the economy has gotten out of control and it is revealed. Everything is down, property values, car sales, cement sales, steel production, and constructions has been down as well. Many data from China is unreliable, the government is covering up their true facts, to show everything is under control. China recently borrowed hundreds billions of yuan. Even though the economy is slowing in a dramatic incline, I believe that there won't be a collapse in the banking system and the property business would not crash. I do not believe that there would be anything done anytime soon by the government, because it is unethical to, many statistical predictions were made and many of them show that the economy would go back up.

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