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Countries around the globe are nervously watching what is happening to the Chinese economy – and fear the potential knock on effects.
New government statistics say China’s GDP grew last year by almost seven percent – many other countries would be delighted by that.
But its the lowest growth for 25 years – and another sign that the heady days of 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
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