Sudheer Mopperthy

China: Slowing Economy, Rapid Credit Growth?

China's booming economy, a bright spot amid global gloom, is weakening in areas ranging from clothing exports to auto sales to manufacturing. Communist leaders who have spent a year fighting politically dangerous inflation are scrambling to change course and avert job losses by revving up struggling industries.

A slowdown could have a global impact if China buys less factory equipment from the United States and Europe or oil and raw materials from developing countries. It would set back hopes that as U.S. demand falters, China would fill the gap in global growth.

Analysts expect economic growth to fall as low as 9 percent this year. That's well ahead of other major countries but a sharp decline from 2007's 11.4 percent. That worries Chinese leaders, who need to create jobs and satisfy urban workers who have come to expect steadily rising living standards.

The State of the IPO Market

As far as the IPO market is concerned, we are at the bottom of a cycle. It shouldn’t be a big surprise that investors have little interest in IPOs. Even though the markets have enjoyed a modest rebound in recent weeks, they are still struggling. This are many examples of untold IPO failures in the recent days .