The global economic downturn has started affecting the strongest country China also.  The latest set of GDP figure released by China for the first quarter of 2009 reads at a pathetic 6.1% far below the most pessimistic estimate of 6.5% .

The dwindling exports to US and Europe has cast a big drop in China’s GDP. There has been a massive job loss in China in the last few months, which is likely to be reflected in the GDP of next few quarters, say experts. So it will be prudent to wait for few more months before investing your hard earned money.