China’s dipping economy

China city centre

Statistics show that China´s economic growth slowed to 7.5% in the April to June period.

Down by 3% compared to the January and March period, it would seem this reduction is in line with analyst expectations as authorities prepare to accept a slower pace of expansion.

A target has been set of 7.5% growth by the Chinese government for the rest of 2013, marking the lowest rate of expansion in more than twenty years. This slow in economic growth will have a direct impact on companies, especially in countries such as Australia and Brazil, that sell to China and could see revenues suffer.

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