Chinese economic growth at risk from European downturn

http://www.guardian.co.uk

Chinese economic growth at risk from European downturn

• IMF predicts 8.2% growth in China this year• Figure could almost halve if European crisis worsens• China should respond with multi-billion dollar stimulusA sharp downturn in Europe could cut China’s economic growth rate nearly in half, the International Monetary Fund said on Monday, adding to warnings about a possible severe global slowdown this year. The IMF said Beijing should be ready to launch a multibillion-dollar stimulus to ward off a slump in the world’s second-largest economy.