The Bank of China forecast the country’s economy would slow this year but that the upcoming Beijing Olympics would ensure the stock market remained bullish, the China Securities Journal reported. It also warned that China was facing a string of serious structural problems in expenditure, income, industries, regions and investment-return. It added that the global economy would be trapped in a recession due to continued fallout from the subprime loan crisis. The bank identified oil price hikes, the subprime-induced financial crisis, the sluggish US dollar, global warming, environmental degradation, epidemics and the widening gap between the rich and the poor as risk factors that could harm the global economy.

>> Full Article