Chinese economic figures take on disturbing trend

I'm no Economist ,but I think this means China is in deep shit ! It will be tough to watch their Economy Tank like ours !
I just hope that in the end ,they are the ones that choke the longest!!!

China news , China has released the disturbing news that its economic growth is slowing drastically.

The growth in China's industrial output slowed to 8.2 per cent in October, compared to 11.4 per cent a month earlier.

Premier Wen Jiabao, on the occasion of unveiling an $880 billion stimulus package, declared that the effects of the world economic crisis on China had been worse than expected.

China's overall industrial output figures have dropped considerably and October's 8.2 per cent growth was a sharp reduction on the 17.9 per cent in October 2007.