Beijing: Growth Rate

beijing: There had been fears that China would suffer a hard landing after years of supercharged economic growth, yet Beijing has managed to record slower growth without a total collapse, according to The Guardian. Chinese growth might have come down from an annual growth rate of more than 10% in 2010 to 6.9% last year, but it has far from crashed as feared, helping to drive forward the global economy and many American companies in the S&P 500. Global economy The strength of the global economy has helped US stocks. The eurozone sovereign debt crisis snared the European economy straight after the financial crisis, causing problems for US markets, although never enough to unseat the bull market under way since 2009. There are risks emerging in Italy, facing a potential budget clash with the EU, while there are also problems in some emerging market economies, including Turkey, Venezuela and Argentina. More recently, the eurozone appears to have come through the worst of the crisis, helping further propel global economic growth and to support US stocks. (news.financializer.com). As reported in the news.