"Chinese GDP growth is massively overstated. In reality it's close to 0%"

China has suffered weeks of stock market turmoil.

However, China’s growth numbers came in slightly above market expectations, with gross domestic product rising by seven percent.

China’s economy grew by 7.4% in 2014, down from 7.7% in 2013, 7.8% in 2012 and 9.3% in 2012.

The overall slowdown in Chinese economic activity is understandable given that their economic system is maturing.

How does all this affect South Africa?

Scroll down to listen our interview of Chris Hart, Chief Strategist at Investment Solutions.

China’s growth numbers may well be overstated. Their real growth rate is close to zero. Bubbles are bursting.

Chris Hart, Chief Economist at Investment Solutions

Chinese debt levels have gone up fourfold since 2008.

Chris Hart, Chief Economist at Investment Solutions

This will cause lower commodity prices. We’re going to see a lot of job cuts in the mining sector in South Africa.

Chris Hart, Chief Economist at Investment Solutions

China could pull South Africa into an outright recession.

Chris Hart, Chief Economist at Investment Solutions

Indian growth has overtaken China and it’s possible that they will become an engine of growth for emerging markets.

Chris Hart, Chief Economist at Investment Solutions

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