China's Economy Slowed Sharply in 4th Quarter; POLS 495

China's usually fast-growing economy faced a sharp decline in growth in the 4th quarter last year. From this situation, the reality of more job losses for the country's workers becomes more prevalent. Furthermore, the stability of the world's third-largest economy comes into question. From October to December of last year, China's economy grew 6.8%. This may not seem like a big deal, but it is the nation's weakest quarter of economic growth since they began keeping quarterly stats in 1992. This goes to show that the growing economic concerns we have here in America are being faced all across the world. People are worried about losing their jobs and how they will survive without income. With countries doing more and more trade globally, this economic disaster will have reprecussions throughout the international arena.

http://www.washingtonpost.com/wp-dyn/content/article/2009/01/21/AR2009012103481.html