Chinese Economic Report Raises Questions

Officially speaking, the latest Chinese economic report claims that the country has met it’s 7.5% second quarter economic growth figures. But, many economists are skeptical here, seeing real evidence of a slowdown in this giant economy with less factory order demand both for export items as well as for domestic consumption goods. Further, if Chinese banks would start to pull back from purchases of U.S., bonds out of concerns for a slowing economy at home, then both the U.S, government as well as the U.S. economy might well see some real ripple effect from any slowdown in the Chinese economy. 

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