economic crisis

www.latimes.com — Images of Greek demonstrators rioting over austerity measures and Occupy Wall Street protesters scuffling with police in the U.S. appear to be worrying China's communist leaders.

One of China's most senior officials has acknowledged that the souring global economy has the government on edge.

www.chinasportsreview.com — “No one can avoid the influence of this economic crisis, and we are no exception,” Zhang Guangning, the mayor of Guangzhou in China’s Guangdong province told media recently, ”We have some difficulties in developing stadiums and finding sponsors.” The 2010 Guangzhou Asian Games will need 50 stadiums, 20 training facilities and 10 back-up stadiums, of which 12 new stadiums are to be built.

www.chinasmack.com — A young Chinese man complains about his father's businesses going bankrupt partly due to the financial crisis and his family suddenly becoming much poorer than they used to be. His family only has millions now, he only has his Porsche, and he can no longer buy 20,000+ RMB clothes freely anymore. Chinese netizens respond.