Economic gloom or preclude of economic boom?

China's National Bureau of Statistics says main indexes on China's economic performance in July, including Consumer Price Index, imports and exports, investment in fixed assets, and industrial production saw moderate growth. Fu Linghui, spokesperson of the National Bureau of Statistics and Director General of its Department of Comprehensive Statistics, explained that monthly slowdown in China's economic growth is considered a normal fluctuation. What are some internal and external factors that are affecting China's economic performance?