by Donatella Saccone, Università di Torino

This past Summer, the financial world was repeatedly unsettled by the turbulences on the Chinese financial market. Rising on June and bursting over three chaotic days of August, the equity crash impacted on all the main international stock markets. Nowadays, in the middle of Autumn, data confirm the suspect of a persistence in the slowdown of the Chinese economic growth. Even if China is growing at a still impressive rate of 6.8%, it seems that official data are trying to hide a deeper downturn in the rates of growth, in any case below the usual extraordinary levels.

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