China Grows at Slowest Pace Since Start of Great Recession

China is reporting that, in the first three months of 2015, it experienced the slowest growth since 2009.

The National Bureau of Statistics reported that Chinese GDP expanded at just 7%, down from 7.3% at the end of 2014.

Chinese industry missed expectations by an even wider margin. Actual factory growth came in at 5.6% growth while expectations were for 10.9%.

While 7% growth would be the envy of the western world, the greatly slowing Chinese economy could have dire effects. China will could fall-back to it’s Yuan-weakening policies further strengthening the U.S. Dollar and making American companies even less competitive than they currently are.