Chine Croissance Economie
China slowdown deepens global crisis
16 August 2012
►http://www.wsws.org/articles/2012/aug2012/pers-a16.shtml
The oft-expressed hope that continued economic growth in China would provide a new basis for the expansion of the world capitalist economy has suffered severe blows in recent weeks as a string of economic statistics have pointed to a marked slowdown.
The figures have a global significance for they make clear that, as the fourth anniversary of the collapse of Lehman Brothers approaches, the economic breakdown it triggered is deepening and extending to all parts of the world.
The importance of China for the world economy is underscored by the fact that since the onset of the global financial crisis in 2008 it has accounted for more than 35 percent of all global economic growth. Over the same period, the major advanced capitalist economies have stagnated, with the economy of the euro zone actually contracting by 2 percent.