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China's economy is hitting a wall — and it's going to affect everyone
For years, Chinese growth rates have been a byword for extremely fast economic development, and the phrase is still used that way. Unfortunately for China, the country doesn't actually have "Chinese growth rates" anymore. And pretty much nobody is expecting them to return. China grew 7.4% last year, missing its own 7.5% target and notching its slowest expansion since 1990. Some analysts think even that is a massive overestimation. This is unlikely to be a temporary setback — the slowdown is the new normal for the world's second-biggest economy. Within the next decade, China is very likely to be recording growth ... (full story)
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