The latest economic data out of China show a continued slowdown there. New numbers on factory output and retail sales came in below expectations this morning.
For the past few years, China has had much higher economic growth rates than we're seeing in the U.S. But when China releases its latest GDP figures tomorrow, forecasters are expecting the worst growth in three years.
Concerned over the runaway growth of its housing market, China imposed new laws to slow speculation. But trying to curb a potential housing bubble may hurt the country's high growth.
With ongoing troubles in Europe and an obvious slow down in many Asian economies, it looks as though America might be the bright spot in the global economy.
China has unveiled plans for space exploration over the next five years. The country says it'll launch space laboratories, manned spaceships, and an eventual goal of building a space station and putting a man on the moon.