China’s cooling economy has roiled commodity markets, prompting slowdowns in places such as Latin America, Australia and Germany that had been big beneficiaries of the Chinese boom.
The Chinese economy grew at its slowest pace in the last quarter since the depths of the global financial crisis, and is almost certain this year to register its weakest annual growth rate since 1990.
But continued rapid and unsustain-able growth in a range of important indicators suggests strongly that China’s slowdown has a long way to go before it levels off.
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