/begin my translationChinese Economy Slowing Down (Hong Kong, Yonhap News) correspondent Kwon Young-suk -- Due to contracting investment, Chinese economy is slowing down, according to the analysis of Morgan Stanley on July 12. Andy Xie, a Morgan Stanley's analyst, said in his report that Chinese corporate profit and real estate price has changed their trend and now on their way down, while corporate investment is decreasing. He emphasized, "In particular, the austerity measures introduced in August 2003, had been loosened since last October, which allowed overcapacity of Chinese economy to persist." Report also notes that China's demand deposit has skyrocketed from 4.4 trillion yuan($531.6 billion) in 2001 to current level of 7.5...
