Will there be an American renaissance? The extraordinary rise of China appears to have stalled under President Xi’s rule, while the US shows signs of picking itself up again.
China exports fall again as economy struggles
Production reduction: China's growth rate has fallen from an annual figure of 8% to 3.2%. Glossary
Remnimbi - The official currency of China. The yuan is its basic unit.
Deng Xiaoping - A Chinese revolutionary and statesman who served as the paramount leader of the People's Republic of China between 1978 and 1989.
Technocrats - People with technical training who have power and influence in society or politics.
Cajoles - Persuades.
Deflation - Deflation occurs when prices fall. This is bad for the economy as people put off spending in the hope of prices falling further, causing a vicious cycle.