WASHINGTON — Although the Chinese economy grew at its fastest clip this year, from July to September, economic analysts are skeptical whether this is sustainable over the long run.
Reuters reported that China’s economy could be falling backwards, which does not encourage market analysts or other countries.
Gross domestic product, which is the common measure of economic investment, rose 7.8% from 2012. It is the second quarter of accelerated growth in the past 10 months. But, a fall in exports this September and both factory output and retail sales suggest the economy will slip back into a slow economic state.
The export-heavy economy of China is seeing struggles across the board, as the global economy has not fully recovered from the 2008 U.S. financial collapse. That collapse affected Europe and most of the world as the advanced economies are intertwined with one another more than ever before.
The feared “Chinese dragon” of an economy has maybe reared its head one last time.