Can someone explain in layman terminology what has happened to China...all the news channels are saying Chinese economy is in great trouble...how can any country's economy see such a slump overnight?
I read an article China was faking it's growth rate for some years.
Please explain the reason for China's downfall in as simple language as possible.
Even i m confused..my dad says they are doing purposely .....I need explanation
The Chinese economy is in the middle of a slowdown - This year, the International Monetary Fund expects China’s economy to grow 6.8 percent, which would be its weakest pace since 1990 that is the slowest GDP growth in the last 24 years. Even at its subdued current rate, China's growth is still the envy of most countries. But the slowdown is cause for concern. China is faring worse than many had expected (as recently as 2012, the International Monetary Fund, among others, forecast that annual growth above 8% would continue until 2017).
Chinese GDP growth lowest in 24 years - FT.com
Now coming to current Chinese Stock Markets crash - In the background of the current turmoil lies the unusual rise in Chinese markets for about a year until June, as investors - most of them ordinary Chinese - poured large sums of money into stocks, even though both growth and corporate profits were weak. The detachment from the reality of China’s slowing economy led to overvaluation of the market, and the creation of a classic bubble, which finally burst on June 12. Small retail investors have been the worst hit by the crash. Many had borrowed to invest in the market, and some were reported to have even sold homes to join what they believed was a party that would quickly make them rich.
However, China will keep doing its best to minimise the damage to the real economy, and it still has policy tools to boost growth. The Chinese central bank, could devalue the yuan further, cut interest rates, and lower the amount banks are required to keep on reserve, making it cheaper to take loans, and easier for banks to lend. The government will also work towards increasing infrastructure spends, and perhaps cut some taxes. Stocks account for only 15-20% of the wealth of Chinese households, and the mayhem may not be able to make a huge dent in spending by consumers.
Chinese economy will probably recover - but not sure how much time will it take.
jo bhi ho china main . haan ager roti khani hai to betho khaty hain 
oyee chooty aik plate kaleegi laga bhai ke liye . dunya main chahy jo ho jaay apna khaana peena band nhi ho ga 
whatever world can go to hell punjab will have still roti with gosht tika and kabab 
