2012: "Hard Landing" for China’s Economy?

Follow us on TWITTER: twitter.com Like us on FACEBOOK: www.facebook.com Beijing's National Bureau of Statistics revealed China's GDP growth in the fourth quarter slowed to 8.9% from 9.2% in 2011. Reuters and Associated Press believe China's economic growth this year is still falling, but is expected to have a "soft landing." Other media and academics are worried that China's economy this year may actually experience a "hard landing." On January 17, at the State Council Information Office press conference, Chief of Bureau of Statistics, Ma Jiantang spoke about China's GDP growth. Ma said, despite its decrease in 2011, GDP growth was largely in line with macro-control goals. Ma Jiantang commented that 2011's global financial crisis should invite concerns about 2012's economic development. Chen Zhifei, Professor of Economics from City University of New York, said, the Chinese Communist Party (CCP) always reports the good rather than the bad news. Ma Jiantang's remarks are actually a reminder of the severity of the situation. Chen Zhifei: "There is a trend of decline in China's economy now. The surface fixes and false data can't be hidden anymore. Overall, the conclusion is that China's economy is still in a very grim situation, which is indeed worrying." On January 18, the Ministry of Commerce announced that China's 2011 European and American investments declined. US investments decreased 26.07%. Investments from the EU decreased 3.65%. On January 12, The Guardian cited <b>…</b>