As economic problems in Europe and USA arise there is less demand for products from China, therefore economic issues in USA and Europe reduce exports for China. The Chinese economy thrives on its exports, and as these have reduced so has its annual growth rate. The growth rate has fallen for seven consecutive quarters, most recently from 7.6% to 7.4%. This may all seem bad news, however the drop in the growth rate was expected to be larger.
- 613 hits