Davos — The slowdown in Chinese growth has become the latest looming cloud over the global economy, but at the World Economic Forum in Davos, the advice from Beijing was not to worry. “China is slowing down but it’s not going to be a disaster,” said Fang Xinghai, vice-chair of China’s Securities Regulatory Commission, a government watchdog. Fang’s affirmation of the Chinese economy, and the deep worries of outsiders, came just days after the government reported that China grew at its slowest pace in almost three decades in 2018. At 6.6% growth, the state of the Chinese economy became a world concern, a sentiment not helped by the festering trade war with the US that has destabilised world markets. Chinese Premier Li Keqiang vowed the government would not let the economy fall off a cliff, using words that hinted that a crisis may not be far off. But China is simply different, said Fang on a Davos panel that was supposed to survey the global economy, but got bogged down on discussing ...

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