China’s economic recovery is losing momentum, with GDP growth slowing to 0.8% in the 2nd quarter (its weakest pace in decades)

China's economic recovery is losing momentum, with GDP growth slowing to 0.8% in the 2nd quarter, pushing annual economic growth to 6.3%, well below forecasts of 7.3% (its weakest pace in decades).

The slowdown in China's economy is a major concern for the global economy. China is the world's 2nd-largest economy, and its growth is closely linked to the growth of other countries.

The slowdown in China could have a knock-on effect on other economies, leading to slower global growth. The slowdown is driven by deflation, a high youth unemployment rate, weak consumer spending, and a large drop in property investment.

(The slowdown in China's economy is a reminder of the risks associated with investing in emerging markets).