On the macro side, we are experiencing the inevitable correction of a period of global imbalances, characterized by excess savings and under-consumption in major emerging markets, and by negative savings, rapid credit expansion, and asset-price booms in many western economies.
The fact that investment in regional economies has been weak as political, economic, and social structural reform is carried out seems to be another reason for the slowdown. Under this situation, the Chinese authorities have been providing a series of economic stimulus measures both on the fiscal and monetary fronts.