Is World in Turmoil over Global Financial Crisis?

The world is in turmoil. The global economic crisis has now claimed China, according to uk.news.yahoo.com. Its growing economy has now fallen 9% over the last three months. The growth rate of the world has slowed down noticeably and has now had an negative impact on China.

Many bosses are resigning around the globe and job losses are steadily rising. The global crisis is said to put 20 million people out of work worldwide. Despite government rescue efforts, the stock markets are still falling as fear of leading countries going into a recession. The market is at rock bottom and goverment cash lines are not working.