Kathimerini attempts to assess the impact of China’s slowdown in Europe

kathimeriniIn an article published in Kathimerini newspaper, the potential impact of a reduction of China’s growth rate is examined. According to Giannis Kotofolos who wrote this piece, if the Chinese administration fails to catch its official economic targets and its growth rate will fall to 4% or 3%, the world financial sector might be influenced while China itself could face important internal problems. That is because the Chinese government will then hardly avert the agricultural population from moving into cities which currently lack appropriate infrastructure. Additionally, European exports towards China will suffer and limited demand will also hit Greek shipping as transport services will be naturally reduced.

The article is available here (in Greek).