[Spiegel Online]
China's leaders are currently contending with declining demand, rising debt and a real estate bubble. Some factories are laying off workers, suffering financial losses or even closing as orders from crisis-plagued Europe dry up. The economic strains are frustrating workers and consumers in the country, threatening the political establishment and Beijing's economic miracle.
[…]The new global crisis has reached China. Debt problems in Europe, the country's most important trading partner, are starting to dim prospects here in the nation that has effectively become the world's factory, as well. The unstable United States economy and threat of a trade war between the two superpowers make the situation even more uncertain.
As the US presidential election campaign starts too heat up, American politicians are vying to outdo one another in protectionist declarations directed toward their communist rival.
Lire : spiegel.de
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