The global financial markets are in quandary and China is at the centre of it all. Like the epicentre of a massive earthquake the shocks are being felt far and wide, and like the eye of a storm, it is gathering momentum by the day.
This article looks at how the slowdown in the Chinese economy is affecting the global economies and financial markets with particular interest on how the traders in the various Dukascopy contests can trade the events. The Chinese economy grew an annual 6.9% in the third quarter of 2015 the weakest since first quarter of 2009.
China is the world’s most populous country, and is fast becoming a global economic powerhouse with an estimated GDP of USD 10.3 trillion in 2015. China's economy is now the world's second largest economy by nominal GDP and the world's largest economy by purchasing power parity according to the IMF. Until 2015 China was the world's fastest-growing major economy, with growth rates averaging 10% over 30 years. However the Chinese economy has been slowing down in 2015. At this juncture we should not that the Chinese economy is not in recession but the rate of economic growth has reduced.
Recent third qu…