Chinese GDP growth will be up to 0%

Steen Jakobsen : Economist
"This is as close to recession that China will get in 2009. The export-driven sectors in the Chinese economy will be hurt significantly by the free-fall economic activity in the US. Furthermore, many of the commodity-based investments that have been undertaken over the past five years will sour with the collapsing commodity prices. Since the Chinese economy has been stimulated by overly expansive monetary policy for years, more of the thereby induced speculative excesses will also be revealed in 2009."