The Chinese economic crisis and its consequences on Global economy
This week has permanently put the economic crisis in China, the world's second largest economic power, in the limelight of international economy. Indeed, the warning signs had already been apparent in recent months. On Tuesday, August 25th, Shanghai's stock exchange closed at a decrease of over 7%, a situation which has been unheard of for more than eight years. According to international economic experts and political leaders, this crisis, far from being unexpected, could be seen as a natural evolution for China's economy, which has held the record in global growth for the past thirty years. This same growth has dropped from 12% to 7% in a few short years, thus revealing the economic decline of this BRIC country.
This is a companion discussion topic for the original entry at https://www.bestbrokers.co.uk/blog/2015/09/03/the-chinese-economic-crisis-and-its-consequences-on-global-economy/