According to Patrick Artus, analyst at Natixis, the slowdown in Chinese growth is having considerable effects on the rest of the world.

“All indicators currently show a markedly greater slowdown in Chinese growth than shown by GDP growth. This marked slowdown in Chinese growth is having very significant international consequences:

• Declining oil price due to the weak growth in oil demand in China;

• Weak growth in global trade as a result of weak Chinese imports; resulting weakness in the economies of countries related to global trade;

• Weak capital goods production worldwide as a result of weak industrial investment in China, and the global weakness in industry.”