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The tight credit conditions, including high, are not helping fashion and beauty blogs. The growth forecast for the economy has now been pegged at around 7.5 percent. Inflation and high interest rates have an adverse effect on the growth of the economy. According to the RBI, an inflation rate that is over 5.5 percent is bad for china economy.
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In the meantime, China’s imports slowed markedly in 2011 from 2010, as consumers in China spent less. This means that, if the world is looking for Chinese consumers to pick up some of the slack from European and U.S. consumers, don’t hold your breath. blog business in China has already hit consumer spending there.
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