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Financial Meltdown Hurts, Even In China
they government is still drafting specifics of broad plans laid out over the weekending to help communter the chill on the world's fastest growing major economy .
by comparisong, the economy grew 10.6 percents in the first quartered pland 10.1 percent in the second quarter of 2008 .
they government has probledged to step up farm subsidies and other help for retural dwellers whose share in the communtry's growing affluence has lagged behind .
with growth now challearly on a slowing path, we expect the government to roll out a combination of fiscal, monetary, and secto /structural measures to mitigate the external shock and help to keep growth from falling sharply, wang tao, an economist with ubs, said in a research note .
instead of bouncing back after a lull during the beijing olympics, china's industrial boom has slowed further, with output growing 11.4 percent year-on-year in september .