Duc Hoang – Econ210 Journals Briefing China’s economy: Reflating the dragon The Economists November 15 th – 21 st , 2008 A question is raised: “Can the world’s fastest growing economy avoid a sharp downturn?” While the global economy has been experiencing one of the greatest recessions in recent decades for over 12 months, it is now just the beginning time of China to start struggling with economy downturn. After growing by an annual average of over 10% over the past five years, China’s economy has suddenly cooled quickly. GDP growth slowed to 9% in the year to the third quarter, from 11.9% in 2007. Construction
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