Blog
Unit 4 Macro: Growth Slowdown in China
Geoff Riley
16th July 2013
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.
Financial Times
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)
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.