101 East - China's Economy - 06 Mar 08 - Pt. 2

Subscribe to our channel http://bit.ly/AJSubscribe The US economy is facing the prospect of a recession, with the sub-prime credit crunch adding to its problems. But many analysts are looking to China to pick up the global economic slack. China's phenomenal expansion in the last 25 years, with current growth roaring ahead at more than ten per cent annually, has raised hopes that its strength could insulate Asia from the weakening American economy. That has not been an entirely painless process; inflation on the mainland has been climbing, with many ordinary Chinese suffering as the cost of staple foods and goods soar. So while for some there is optimism that Asia maybe able to weather the economic storm ahead, others warn that even here the economic picture is cloudy, forecasting lower growth rates and dangerous times ahead not just for China but for the rest of Asia as well. At Al Jazeera English, we focus on people and events that affect people's lives. We bring topics to light that often go under-reported, listening to all sides of the story and giving a 'voice to the voiceless.' Reaching more than 270 million households in over 140 countries across the globe, our viewers trust Al Jazeera English to keep them informed, inspired, and entertained. Our impartial, fact-based reporting wins worldwide praise and respect. It is our unique brand of journalism that the world has come to rely on. We are reshaping global media and constantly working to strengthen our reputation as one of the world's most respected news and current affairs channels. Social Media links: Facebook: https://www.facebook.com/aljazeera Instagram: https://instagram.com/aljazeera/?ref=... Twitter: https://twitter.com/ajenglish Website: http://www.aljazeera.com/ google+: https://plus.google.com/+aljazeera/posts