TOKYO -- China's economic deceleration is causing sweaty palms in the U.S. The yuan is losing strength against the dollar, and now there is nervous talk about what would happen if China launched quantitative credit-easing moves.
In a March 5 address at the annual meeting of the legislature, the National People's Congress, in Beijing, Premier Li Keqiang said China had lowered its economic growth target to around 7% for fiscal 2015. While that is down only 0.5 percentage point from last year's target, signs are pointing to a bumpy ride on the road to a "new normal."
