3. CHINA
Second largest economy after United States
Past 30 years, growth rates of 10%
Now: more money to spend, better pensions, healthcare
insurances
4. CHINA
China is doing very well
But: problems about the distance between poor and rich
TASK! ADRESS THE ECONOMIC IMBALANCE
Many families can’t afford a normal house
Divided in two areas: poor and rich area
Thriving economy can’t please everyone
poor people remain poor!
5. CHINA
China’s economy still growing
But
Third quarter, growth slowed to 9,6%-> no reason to panic
9,6% was above the predictions
Also the industrial growth slowed
6. CHINA
Short-term
Slowing Chinese economy can bring down the global growth
Important impact on other countries Australia
Long-term
Figures showed a positive development
7. JAPAN
Japan is doing much worse than China
Deflation
Output declined sharply
8. JAPAN
Factory production slumped in a spectacular
way
Industrial output fell by 1,9% much more than expectations!
Deflation
Due to the strong yen at its 15 year high against the dollar
Strong yen price of importing goods is very low
Result: companies are required to decrease the selling price, have to
cut in their production
9. JAPAN
Positive point: Japanese economy added jobs
5,1% 5%
Worst of the job slump is over
But the improvements very low