Back in the 2000s, the world economy showed everyone how unstable and unpredictable it can be. At the same time, it showed that Europe and the United States cannot be limited to trade “among themselves”: there are many other large players on the market, one of which is China.
China in its present form is only a few decades old. Therefore, the Chinese economy, like a twelve-year-old child, entered the "phase of active growth." This means that an increasing number of people (and there are, by the way, 1/6 of the world's population) are beginning to work for the good of the state. The latter, of course, is interested in this: there is new funding, jobs; the volumes of international trade are becoming larger.
Any parent knows that a child cannot grow indefinitely. And if it can, it will remain crippled for the rest of its life. Therefore, the growth of China's GDP is naturally falling. Thousands of experts around the world are happily predicting the collapse of the Asian economy, but they obviously expected growth to never stop. More specifically, the increase in production in China for the year was 9%. Today the figure has decreased to 7%, but even it looks impressive in comparison with the American 2.5%.
It is interesting to note that China is pursuing a very complex policy, which can be reduced to the "Turkish gambit" formula: to lose the small in order to keep the big. They regularly cause local crises in the provinces with their own hands in order to stabilize and "shake up" the economy.
In addition, the entire development of Asian production took place extremely extensively: for some time, two factories are still better than one. Obviously, at this price, progress is achieved much faster. Now the need for new jobs is steadily decreasing (upsetting, of course, the residents of the country), but at the same time the quality of products is growing: after the initial "development" of the potential, new technologies and production methods are introduced. The only problem here is that the "upgrade" rate is too slow.
It is clear that if more products appear, then more money needs to be printed to buy them. And if, in addition to this, "stimulate" the development in the regions with large budgets? The second serious problem of the country is in inflation, and therefore the government is actively engaged in the struggle with money "surpluses", reducing lending.
Hence, a certain "slowdown in growth". America and Europe are in crisis: they cannot buy as much as before. Inside - inflation. Progress is slowed down. But this does not mean in any way that Beijing has problems: only a local crisis, which, of course, can be cured.
