Monday, October 12, 2009
China is Back On Track
America and China's economies may be interconnected but China's economy is doing a lot better than America's. In China last year factories were shutting down and millions of people were being laid off. This year however factories are reopening and are hiring, some factories are even worried that they won't be able to hire enough people to fill the needs for the coming Christmas season. This is in direct contrast to the American situation where unemployment rates are approaching the double digits. Although China's economy is doing well it will reach a point where its growth rate will decrease because of China's dependency on its exports, but for now they seem to be on top.