Thanks partly to a lack of transparency by the Chinese authorities and partly to ignorance from the rest of the world, economic headlines emanating from Beijing tend to cause panic and euphoria?in equal measure and rapid succession.
So a slowdown in Chinese growth in the first quarter and the realisation that China has entered a period of slower economic expansion have shaken global markets in everything from commodities to currencies over the past two days.
In the wake of the first quarter dip, fears of an imminent financial crash have proliferated. But a cursory examination of how China works should help ease fears for now.
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