WSJ: China's growth plunges and so does Aussie Dollar

Coal, iron-ore and a soaring economy can no longer support the Aussie Dollar on the foreign currency markets according to the Wall Street Journal (October 16, 2012).

China Macro Slowdown Continues

China, reports this week, that its 2nd quarter GDP grew at 7.6% compared to an 8.1% growth rate in the prior quarter.

This is starting to become a rather dramatic slowdown with all kinds of economic, social and political implications impacting the country on a real time basis.

China's economic growth is slowing

(Reuters) - China's annual economic growth could fall below 7 percent in the second quarter if weak activity persists in June, an influential government adviser was quoted on Wednesday as saying.


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Premier Wen Jiabao: Slower economic growth in China to reduce inflation risks

 

Beijing to Slow Growth 

BEIJING—China's premier said the government wants slower economic growth to avoid inflation and to restructure the economy, even as much of the developed world is struggling to accelerate expansion.


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China's economy

Jul 26th 2007 | HONG KONG
From The Economist print edition

Fears that China's economy is overheating are exaggerated

CHINESE students may come top of the world league in mathematics, yet the country's economic numbers are notoriously dodgy. New figures showing that China's GDP growth quickened to 11.9% in the year to the second quarter, its fastest since the mid-1990s, while inflation jumped to 4.4% in June from 3.4% in May, have fuelled concerns that its economy is now seriously overheating. However, a closer inspection of the numbers suggests there is no need to panic—yet.