Chinese gov’t fires up the printer — How will it impact Bitcoin price? By Cointelegraph

News headlines have recently covered how China’s struggling economy poses significant risk to global growth. Economic activity and the flow of credit in the region are weakening, and analysts are not convinced that the Chinese government’s interventions are a sufficient fix for what appear to be structural problems.

For instance, industrial output in July increased by 3.7% compared to the previous year, which is slower than June’s growth rate of 4.4%. Furthermore, Chinese banks issued 89% fewer new loans in July versus June, the lowest since late 2009.