GLOBAL PANIC: CHINA’s growth is slowing at a worse than expected pace, europe’s largest economy is running out of steam, bank crisis grows

Saturday, August 13, 2016
By Paul Martin
August 13th, 2016

GLOBAL PANIC: Is China’s slowing economy about to spark another huge crash?

CHINA’s growth is slowing at a worse than expected pace, raising investor fears that another market meltdown could be on the horizon.

The world’s second largest economy has raised alarm bells after disappointing industrial output and retail sales in July were revealed today.

Imports and exports last month also came in below expectations, data showed earlier this week.

Furthermore, growth in fixed asset investment in the January to July period also missed forecasts and slipped to the lowest year-to-date rate in more than 16 years.

Market reaction to the slew of bad news has so far been muted.

But critics believe China could spark a meltdown akin to that seen at the start of the year and last summer.

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