Chinese Economy Slows

    Image #: 14708753    epa02813078 A clerk counts money at a bank outlet in Huaibei, Anhui province, central China, 07 July 2011. China raised a key interest rate for a third time in 2011 in a bid to cool surging inflation.  EPA/WOO HE /LANDOV

    Woo He, EPA / Landov

    China’s economy might not be in the clear after all: despite still boasting successes in the areas of trade and construction, China’s manufacturing is slowing down and export orders are decreasing. The economy’s potential decline coincides with growing hostility from the United States where politicians like to use cheap Chinese manufacturing as an explanation for the high unemployment rate. China might soon be talked into allowing its money to appreciate, which could be a good thing for other countries but not necessarily for China.

    Read it at New York Times