I found an article from the Wall Street Journal Online entitled China's Growth Slowest in Two Decades. Given that we study growth theory, and China is a major player in the world economy, and tonight is the deadline for submitting new posts, I thought I would give it a read. The article is pretty basic and talks about how the numbers don't accurately portray Chinese growth because they only release numbers on a year-to-year basis, unlike our quarterly releases. The main thing that caught my attention was the noted increase in Chinese domestic investments.
The government's stimulus program has been ramping up investment to counteract the weakness in export demand. Fixed-asset investment in urban areas, China's benchmark measure of capital spending, rose 30.3% in March from the year-ago period, picking up from 26.5% growth in the first two months of this year.
I may have this completely wrong, but this seems to be a step in the right direction as far as their policy goes. Reinvesting back into your countries own capital is vital to growth and if the Chinese begin investing some of their billions back into their own country as it becomes more stable and reliable they could experience substantial gains in well-being, I think. Here is a link to the article, http://online.wsj.com/article/SB123984767545423661.html#mod=testMod.