“China’s Growth Slows To 30-Year Low, What Does It Mean For The Global Economy?”
October 22, 2019
“China’s economic growth slowed to 6% in the third quarter, the lowest in thirty years and “below” analysts’ expectations of 6.1%. But, quite frankly, if anyone is seriously disappointed by the 6% figure because they had been expecting 6.1%, they should probably consult a doctor. Things are actually far more positive than the alarming headlines would lead us to believe.
To give some perspective, Asia’s exports so far this year are still 5.9% higher than in 2017, according to Haver Analytics. China’s economic slowdown in the last few years is due to the government’s initiative to shift to a service-driven economy from an industry-led one…”