China’s announcement that it officially met its second-quarter growth target of 7.5 percent is questionable and several factors point to a much more dramatic slowdown in the growth of the Chinese economy. With analysts predicting that China’s gross domestic product will grow just 6.9 percent next year, down from double-digit growth between 2005 and 2007, there is growing skepticism that the global economy can rely on China to remain the growth engine it has been in the past. Absent structural reforms and a shift away from its overdependence on exports, it is likely that China’s economy will continue to struggle.

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