China's Financial Situation

"As China's growth rate continues to slow, there are fears that its economy could be heading for a severe downturn. China is an export-oriented country and manufacturing is big. The economic downturn could have a big impact. In Chengdu, I've heard that real-estate companies are downsizing and house prices are getting lower. I think the government needs to introduce incentive policies and co-operate with US and European governments. Otherwise, the economy in China could slump."
These are all quotes from a worker at a copper factory, and they show just how other economies are feeling economic strife. To hear this man discuss an alteration to the way money is earned and distributed in China really tells how much the economy is and could suffer.