China slowdown could be good news for Western economies

Average new home prices in China fell on an annual basis for a seventh consecutive month in March 2015 (photo: dpa)
Average new home prices in China fell on an annual basis for a seventh consecutive month in March 2015 (photo: dpa)

China’s economy is slowing but it is still growing at a remarkable rate by global standards. Its employment continues to grow significantly and while foreign investment and its property market are facing difficulties, China’s authorities will find new ways of investing abroad in new initiatives like the Asian Infrastructure Investment Bank.

<i>Growth in China is slowing to about seven per cent or possibly lower, and many commentators are fretting. But China is still growing very fast by any standards. Employment is increasing significantly and social tensions do not seem about to erupt. Although the construction and banking industries present critical features, major economic re...

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