 Figure 1. Economic growth is decelerating rapidly |  Figure 2. Exports have so far been supported by emerging market demand and gains in market share     |  Figure 3. Export performance varies sharply |
 Figure 4. Monetary growth has been low, especially in real terms |  Figure 5. Investment growth is down on 2007 but holding up recently    Â
|  Figure 6. Housing sales weakness has translated into housing price weakness |
 Figure 7. Housing sales weakness has started to affect new construction |  Figure 8. Real estate weakness has contributed to the downturn in production of construction materials     |  Figure 9. Consumer spending is relatively robust |
 Figure 10. Inflation is not a concern at this point |  Figure 11. China’s exchange rate has strengthened significantly in 2008  Â
|  Figure 12. Sharply lower commodity prices drive down raw material price inflation |
 Figure 13. Output is expected to fall below potential in 2009 |  Figure 14. China’s investment heavy, industry-led economy |  Figure 15. Structure of economy is the key to increasing the role of consumption    |
 Figure 16. Loan demand had been constrained by quota  |  Figure 17. Sterilization will remain necessary | |