China’s doubling down on command-style economic governance as growth wanes

The big news this morning is the slowing growth in China. The third quarter numbers showed the country growing at its slowest pace in a decade. And the questions now are whether this slowdown continues and what China does about it.

This is important because a lot of the jitters we see in the stock markets worldwide are related to angst about a slowdown in China. The worry in particular is that, were the global economy outside of China to decelerate, there would be no Chinese safety net to help pick up the pieces as there was after the financial crisis.
The numbers
Here's the breakdown of some of the problems behind the figures:

China released figures on Friday showing economic growth slowing to 6.5% on a year-over-year basis in the third quarter of 2018. That was below expectations of 6...


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