After years of meteoric growth, China’s economy has been experiencing something of a slowdown in the past few years. Economic growth fell to 7.5% in the three months ending June 2013 after showing a steady decline in growth for 10 consecutive quarters. This marks the longest such slowdown since China began the long process of embracing free-market principles more than 30 years ago.
However, while progress has been slow to date, China has been showing an increased desire to open up its financial markets, a desire that is being significantly strengthened by the current slowdown.
