China is a big wildcard for 2014. Growth slowed last year to a 14-year low. It isn’t yet clear if the trend will continue and what China’s leadership will do if growth does slow further.
Overnight a slew of China economic data was released. The most important figure was the 7.7% annual growth figure for 2013, which was the worst growth number in China since 1999. The media have made a big deal about this figure being a 14-year low. Nevertheless, the slowing was entirely expected. The question is what it means for China and those that trade with China.
The Chinese leadership had already pledged to move the economy away from export- and capital-investment-led growth. Doing so will require a huge rebalancing that will slow growth. And it has done. Investment accounts f...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.