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It has been said that if America sneezes then the world catches a cold and this must now be true of China, the world鈥檚 second largest economy.

On Tuesday it unexpectedly cut a key interest rate to try to boost growth and also said it would no longer report figures for youth unemployment. We look at how China鈥檚 economic woes are affecting the rest of the world.

(Picture: Businessman looking at cityscape. Picture credit: Getty Images)