China's Economy Sputters

The property market is tanking, stocks are off 60%, and factory orders have fallen for three months in a row
Employees work at a garment factory which provides Original Equipment Manufacturing (OEM) for US and European companies. China Photos/Getty Images

Hundreds of millions of Chinese look forward all year to the "Golden Week" holiday marking the country's Oct. 1 National Day. After the weeklong vacation ends next week, the mood will be decidedly downbeat. As the rest of the world struggles with the financial crisis, China has its fair share of depressing news (BusinessWeek.com, 9/17/08): The property market is tanking, the stock market is off nearly 60%, and there is mounting evidence that China's economic juggernaut is faltering.

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