Friday, 13 July 2012

Experts baffled by Chinese economic slow-down

Market analysts around the world expressed bewilderment at the latest economic figures coming out of China and fear for the impact of these numbers on fragile economies around the world.

"Having seen double-digit growth for quite some time now", an Asian market analyst told us, "we naturally assumed that this would go on for ever and ever and ever. Now it seems that high rates of growth eventually plateau, as if they were starting from a really low base or something and were effectively playing catch-up to more developed economies. I mean, how were we supposed to see that coming?"

The figures are forcing a rethink on what China and other rapidly developing economies may be able to achieve in future. "We'd based all our assumptions of how global markets work on China - and others like Brazil and India - growing at a rate of above 10% for the remainder of history. That's what all our sums are based on. Now that we have evidence that limitless growth is not just unlikely, but impossible, we haven't got a clue what to do", concluded our analyst.

The Chinese themselves remain unruffled. "You may not be able to buy our exports", an official government statement read, "but we still own your ass anyway, suckers".

No comments: