China’s economy hits a speed bump
Today, China announced that it’s GDP grew at a much slower rate in the first quarter of 2009, down almost 4% since this time last year and the weakest growth since quarterly records began in 1992. China says it’s determined to achieve annual growth of 8 percent. So, what does this say about China’s place in the shaky financial world? And what implications does China’s growth have for the U.S.? To help answer those questions, The Takeaway is joined by John Pomfret. He is the author of Chinese Lessons: Five Classmates and the Story of the New China and writes the blog Pomfret’s China on the Newsweek Washington Post website.
The story you just read is available for free because thousands of listeners and readers like you generously support our nonprofit newsroom. Every day, reporters and producers at The World are hard at work bringing you human-centered news from across the globe. But we can’t do it without you: We need your support to ensure we can continue this work for another year.
Make a gift today, and you’ll get us one step closer to our goal of raising $25,000 by June 14. We need your help now more than ever!