We've heard reports of a slowdown in the Chinese juggernaut. Forecasts have shown that China's economy will grow by "only" 7.5% in the second quarter of 2013.
Europe is already in a recession, and America's own economic growth is wheezing along at less than 1% this quarter.
Is the media hype about China's economic growth slowdown overblown, or will it have real fallout for the United States and Europe?
Money Morning Chief Investment Strategist Keith-Fitzgerald speaks with FOXBusiness' "Varney & Co."about what these figures really mean for the global economy. Watch the following video for the answer.
Keith Fitz-Gerald gave us the real story of China's economic growth and the "ghost cities" phenomenon. Click here to find out what's really happening.