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Why China's slowdown is 'scarily reminiscent' of 2007
That soft landing for the Chinese economy that everyone keeps talking about? It`s turning into a bumpy one.
The latest round of economic data out this week shows that while inflation slowed last month, to 3.4 per cent year on year, so did everything else. Retail sales are softening, industrial output is slowing and the country`s trade surplus has widened after both imports and exports came in lower than expected, the result of a collision of the euro zone crisis weakening demand for Chinese exports, and tough property market measures at home eroding domestic confidence.
Read the full article here.
That soft landing for the Chinese economy that everyone keeps talking about? It`s turning into a bumpy one.
The latest round of economic data out this week shows that while inflation slowed last month, to 3.4 per cent year on year, so did everything else. Retail sales are softening, industrial output is slowing and the country`s trade surplus has widened after both imports and exports came in lower than expected, the result of a collision of the euro zone crisis weakening demand for Chinese exports, and tough property market measures at home eroding domestic confidence.
Read the full article here.