Does Russia Have A Strong Economy Like China?
Posted by China Sourcing CommentatorNov 12
i don’t believe either one of them do
china
Factories shut as crisis hits Chinahttp://news.bbc.co.uk/2/hi/asia-pacific/…
China: Up to 26 million rural migrants now joblesshttp://news.yahoo.com/s/ap/20090202/ap_o…
Fear and hope in the Year of the Ox
With millions of workers losing their jobs and dire predictions of social unrest, the Chinese bubble appears to have burst. The BBC’s Michael Bristow in Beijing considers what 2009 will bring for the world’s most populous nation. http://news.bbc.co.uk/2/hi/asia-pacific/…
Chinese growth slows as trade slipshttp://www.financialpost.com/story.html?…
Leading Indicators Show Continuing Economic Slowing http://www.chinastakes.com/story.aspx?id…
is this current enoughhttp://www.google.com/hostednews/ap/arti…
China’s official data mask severity of slump
35 minutes ago
BEIJING (AP) — It is China’s disconcerting secret: Its economic slump is much deeper than official data show.
The government says the economy grew by 6.8 percent in the final quarter of 2008, but that is based on an outdated system that measures growth against the same period a year earlier.
Compared to the previous quarter, the method used by most major economies, growth was about 1 percent at an annual pace and possibly zero, economists say.
russia
Gazprom sways as Russia plays hardball
Gazprom, which just a year ago was vowing to become the world’s biggest company, is sinking fast as the global meltdown hits hard and the Kremlin uses it as a pawn in its geopolitical battles — most recently in the gas dispute with Ukraine.
The state-backed gas export monopoly is bleeding an estimated $140 million a day in the energy war with Kiev. Experts say the company is being forced to sacrifice its interests to the government’s political aims, threatening its profitability as it teeters under huge debt.
As the spat between Russia and Ukraine moves into its third week, Gazprom’s ambition to become the world’s largest company by market capitalization by 2014 seems a mirage. The company’s share price has plunged 70 percent since last January, sending it tumbling from the No. 3 spot among the world’s biggest companies to 35th.
Since Russia shut off gas supplies to Ukraine on Jan. 1 and to Europe six days later, Gazprom has lost $1.1 billion in export revenue, Gazprom chief Alexei Miller said Wednesday.http://www.google.com/hostednews/ap/arti…
Russia Devalues Rublehttp://www.tradetnt.com/russia-devalues-…
Rouble at record low as Russia faces up to cheap oil http://www.financialmirror.com/News/Busi…
Russia close to economic collapse as oil price falls, experts predictRussia faces possible devaluation of the rouble and a severe drop in living standards next yearhttp://www.guardian.co.uk/world/2008/nov…
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Silly!! Why are there so many people still thinking that China’s economy is not strong. I could not see there is any other nation which has a better economic performance in the world than China does today. China’s economy has reached the bottom made due to the world financial crisis, and started to rebound vigorously. look at its equity markets these days, and you will see what is happening now. the sales of auto has increased dramatically and so on…
well, maybe you guys above have been blinded by the media again, because they don’t want to report the positive things on China. but China is recovering very quickly and moving forwards indeed…
please visit some websites with the recent news about China…it is time to get into chinese share market…
I don’t know what these people are saying about China. China’s economy is absolutely strong.
But the problem with Russia is they’re selling off huge amounts of their commodities and assets to foreign buyers (mostly China). They are however more sound then the US, and UK.
no, actually china doesn’t either. it may be because they are socialists and this type of governments don’t have good economies.
Every country is going down.
Expecially China and Russia.
Yes, since nationalizing their oil and gas industries.
China doesn’t have a strong economy.
no, russia is almost corrupt
No, and neither does China.
NO MY PARENTS WERE KILLED BY RUSSIANS! THEY RAPED MY DOG