China and the emerging markets no longer key engine of global growth
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What goes up must come down. In the case of the Chinese economy, what grows like an economic weed inevitably starts to slow down. Today we learned China grew by a mere 6.5 percent the latest quarter. The country’s lowest growth since the Great Recession. You might be tempted to blame that on China’s current trade tensions with the U.S. But, things are a little more complicated — and a little more domestic — than we might think.
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