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The U.S. financial market turmoil, stirred by the meltdown of several major investment banks, has exerted an enormous impact on Chinese markets and directly caused a slowdown in Chinese exports this year. Looking ahead, China’s economic growth could be further dragged down by 0.7 of a percentage point by the slackening European economy and the weakening euro, according to Ma Jun, chief economist at Deutsche Bank AG, whose commentary on the subject appeared in a recent edition of the 21st Century Business Herald.
The US financial market turmoil, stirred by the meltdown of several major investment banks, has exerted an enormous impact on Chinese markets and directly caused a slowdown in Chinese exports this year. Looking ahead, China’s economic growth could be further dragged down by 0.7 of a The percentage point by the slackening European economy and the weakening euro, according to Ma Jun, chief economist at Deutsche Bank AG, of commentary on the subject appeared in a recent edition of the 21st Century Business Herald.