Peril for "Made in China"

While here in the U.S. we are very immersed in our own economic perils, China, too, suffers from the worldwide economic crisis. The news entry below from Al Jazeera English gives a broad and informative account on the troubles of China's import and export economy today.

There are reports that the country's exports have fallen 17.5% in the month of January alone. The Chinese economy did not fare well either in 2008, citing a 43.1% decrease in imports as well. What this means, as the U.S. and world economies suffer, so does China. With a loss of many exports to now frugal countries and the dwindling of imports due to less demand, the Chinese government is also at work to create a stimulus plan of their own totaling to nearly $600bln itself.

See the article here.