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China, an official from the Ministry of Commerce recently held a press conference in 2008, gave information about economic development between China and the Asian countries. The competent, said:

“Since the beginning of 2008, the negative elements of the world’s economic development has increased continuously. Asian economy is facing challenges unprecedented in history.

140 percent wheat prices in early 2008, rice prices increased by 80 percent per barrel of oil approached $ 150 American dollars. These factors influence the inflation rate in Asian countries, has developed √ľlkelerinkinin 2-3 times. According to estimates, the Asian Development Bank, Asian countries’ average inflation rate in 2008 was 7.8 percent. This rate reached its highest level in last 10 years. Inflation, as well as to harm the region’s economic stability in some countries has led to political turmoil. China, Vietnam and India, large fluctuations in stock markets occurred. Except for a small number of countries, including Japan, China and other Asian countries’ currency against the U.S. dollar value has fallen significantly. India, Republic of Korea, and Vietnam’s trade deficit has increased.

Nevertheless, the general economic situation in Asia is still good. Countries took effective measures. Asian growth to protect the economy in general. According to estimates from the World Monetary Fund, Asia’s economic growth rate in 2008 was 6.2 percent.

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