Unit 4 Macro: Growth Slowdown in China
The pace of growth of the Chinese economy is weakening with new data showing an annual growth of real GDP dipping to just over 7%. China's economy is re-balancing away from investment and exports towards consumption. But at present there is a squeeze in household spending. Consumption in China contributed 60.4% to GDP growth in first half of 2012, only 45.2% in the first six months of 2013.
We link here to some resources on the issues surrounding the reduction in growth rates for the Chinese economy.
BBC News - Feeling the effects of China's economic growth slowdown (July 2013)
BBC News - Fears over China's credit crunch (July 2013)
Wall Street Journal - Winners and Losers from the Chinese slowdown
Washington Post: Slowdown in growth tests reform plans (July 2013)