Why is the Chinese economy slowing?
New government data reveals the slowest economic growth in China for a quarter of a century.
Countries around the globe are nervously watching what is happening to the Chinese economy – and fearing the potential knock-on effects.
New government statistics say China’s GDP grew last year by nearly 7 percent.
While many other nations would be delighted by that, it was China’s lowest growth level for 25 years and another sign that the heady days of the country’s record-breaking economic expansion are long gone.
The true situation could be even worse; some analysts do not believe the official data.
As the world’s second biggest economy again stalls, countries which export commodities such as oil and iron ore to China are suffering – with the possibility of worse to come.
So, what has gone wrong? And should the world be concerned?
Presenter: Sami Zeidan
Guests:
Pauline Loong – Managing director of Asia-Analytica and analyst on China’s political economy.
Chris Watling – Chief market strategist at Longview Economics
Michele Geraci – Professor of finance at Zhejian University and an economic adviser to governments, corporations and investors in China