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.
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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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.