Chinese Officials Sound AlarmTwo Chinese officials are warning their country may be headed into a tailspin. According to Bloomberg Li Yizhong head of the Ministry of Industry and Information Technology and Liu He a senior economic policy official  said overcapacity exists in all industries. They're also of the mind that China the world's fourth-largest economy won’t bottom until the first quarter of next year. Exports imports and manufacturing activity dropped significantly last month and should continue to do so before a  stimulus package kicks in in the second quarter of 2009 He noted. China’s economy has cooled for the last 5 quarters. The World Bank forecasts ...