Economists don't see a major slowdown in China

In recent weeks there has been a lot of focus on the Chinese economy with their stock market dropping and the Yuan depreciating. Many people are now beginning to seriously panic and have begun thinking that the next great financial crisis is at hand. This article, however, disputes that claim.

This article points out that analysts are taking the long view, arguing that weakness is part of China's "new normal" -- an extended period of slower expansion as the country transitions from an infrastructure-led economy to one driven by consumption. Economists are sticking with their forecasts of 6.9% GDP growth for the year for the time being. If the situation continues to worsen in the coming weeks and months then there is a possibility that they will revise this.