European Central Bank Governing Council member Ewald Nowotny: the slowdown in the Chinese economy is a risk to developed countries

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1 February 2016

European Central Bank Governing Council member Ewald Nowotny: the slowdown in the Chinese economy is a risk to developed countries

The European Central Bank (ECB) Governing Council member Ewald Nowotny said on Monday that the global economy was expanding moderately, adding that the slowdown in the Chinese economy is a risk to developed countries.

"Recent developments in China - since last year, world's largest economy in terms of GDP based on purchasing power parity - are of particular concern," he said.

European Central Bank President Mario Draghi: the central bank will review its asset-buying programme at its March monetary policy meeting and will add further stimulus measures if needed

European stocks closed: FTSE 6060.10 -23.69 -0.39%, DAX 9757.88 -40.23 -0.41%, CAC 40 4392.33 -24.69 -0.56%

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