Slowing Chinese Economy Puts a Drag on World Markets
It's their turn to screw things up
LONDON: China's slowdown cast a shadow over Europe and Asia on Tuesday, sparking questions over Beijing's ability to avoid a hard landing that would wreak havoc on the world economy, analysts said.
The nation's powerhouse economy slowed to 7.5-per cent growth in the second quarter, down from 7.7 per cent in the previous three months, official data showed Monday.
"China is a key downside risk to the global economy. Recent data does suggest that the economy is sluggish," VTB Capital economist Neil MacKinnon told AFP.