China is reporting that, in the first three months of 2015, it experienced the slowest growth since 2009.
The National Bureau of Statistics reported that Chinese GDP expanded at just 7%, down from 7.3% at the end of 2014.
Chinese industry missed expectations by an even wider margin. Actual factory growth came in at 5.6% growth while expectations were for 10.9%.
While 7% growth would be the envy of the western world, the greatly slowing Chinese economy could have dire effects. China will could fall-back to it’s Yuan-weakening policies further strengthening the U.S. Dollar and making American companies even less competitive than they currently are.