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China’s growth slowdown: Likely persistence and effects
The Chinese economy grew at an average annual rate of 9.75% between 2000 and 2014, according to the World Bank’s World Development Indicators. This performance has been widely hailed – not only for its impact on poverty alleviation in the world’s most populous country, but also as a driver of the global economy. Positive spillovers from Chinese growth are widely thought to include the availability of cheap producer and consumer goods – benefiting consumers and firms in developed countries – and increased demand for commodities – benefiting emerging markets. However, some also blame the Chinese growth ... (full story)