world economic crisis

www.abc.net.au — China's exports and imports shrank unexpectedly in November as the world's fourth-largest economy hit the brakes in response to the global credit crunch.

www.telegraph.co.uk — The People's Bank of China cut interest rates by more than 1pc point as the economy crumbles and millions of jobs are predicted to go ahead of Christmas.

www.abc.net.au — Premier Wen Jiabao has declared that the effects of the world economic crisis on China have been "worse than expected".