Since 1978, China's economy has doubled every eight years. Today, the average Chinese person has some ten times the purchasing power they had just a quarter century ago.
China was the engine room powering the global boom of the early 21st century.
However there are signs now that the Dragon is catching its breath.
Growth in the world’s second largest economy in 2014 missed its official annual growth target of 7.5% for the first time in 15 years albeit that the actual figure of 7.2% was higher than most analysts had forecast.
European markets are crucially important to China but with European economies in a fragile state the implication for exports is obvious and the continuing pressure on the euro could result in a decline in export growth in the months ahead.
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