Lehman Brothers predicts slowdown for China in 2009

[erbener]

China can’t be inoculated against the world economic downturn, the global investment bank Lehman Brothers stated recently at a press conference on 2008 Asian market liquidity. It predicts a slowdown in Asian economies, although it also believes the region’s rapid growth will continue. China’s GDP growth is expected to 9.8 percent this year, and fall to 8 percent in 2009.

In 2008, many export enterprises have to deal with problems like overstocking, low profit margins, deficits and even bankruptcy. So if you are considering doing business or even setting up your own business, you should really be conscious with what the business situation is like in China.