“Manufacturers are struggling with multiple difficulties including increased lending costs and fewer international orders.”-Zhang Shiqing, Nankai University

Chinese economics professors are warning that the Chinese economy will stall.  China has become a major exporter of products to the world, but most of the world is in financial trouble.  That is resulting in less orders to be filled.

Also, the recent revelation that local governments, in China, are in debt to the tune of $1.65 trillion, is making it difficult for Chinese companies to get loans to continue operating.  It’s now obvious that the Chinese have been running their economy just like the United States.

Surprisingly from January to May 2011, U.S. exports to China actually went up, by 31%.   “China’s industrial production has notably declined in the previous month, which is a good opportunity for U.S. enterprises to boost production to fill the gap.”-Fan Jishe, Chinese Academy of Social Sciences

Many Chinese industry analyst are now doing what analysts in the U.S. are doing; hoping the economy will pick up by the end of the year.