Chinese Economy

The recent recession in America's economy and the troubles that Wall Street has encountered has had an adverse effect on the Chinese economy. With America being a large consumer for Chinese products, the market for Chinese exports has declined. While China has tried to prepare their economy for inflation through monetary policy, this has not worked and China is going to experience a downtime. One other market that has experienced downtime in China is the real estate market, particularly areas next to docks. These houses were supported by the exports that China was shipping out, and when the exports slow down the price of houses in this cities fall. In order to turn things around China has cut interest rates and eased bank lending restrictions in hope that this will not only boost China's economy but also the world economy.