China’s economy slowed sharply in 4th quarter (AP)

In this Jan. 10, 2009 file photo released by China's Xinhua news agency, Chinese Premier Wen Jiabao, right, holds the wheel of a tractor Changfa Group in Changzhou City during his three-day visit to factories in China's eastern province of Jiangsu. Premier Wen Jiabao is calling for quick action to reverse an economic slump as soon as possible. (AP Photo/Xinhua, Li Xueren, File)AP – China’s economic slump deepened in the final quarter of 2008 as the impact of the global financial crisis spread, according to data released Thursday, adding to the threat of more heavy job losses and possible unrest.

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