For roughly three decades, China's booming economy has offered consumer product companies some of the world's greatest growth opportunities. China's economic slowdown and jittery markets have raised worries that this growth story is drawing to a close. In early November 2015, for example, the government lowered its official five-year annual GDP growth target to 6.5 percent, the slowest pace since the 2008–2009 global financial crisis.
The Chanler Group, an environmental law firm, reached a settlement on behalf of its client with a Chinese manufacturer of products alleged to contain a reproductive toxin, commonly known as DEHP. This is reportedly the first time that California's Proposition 65, or any American consumer protection statute, has been used as a basis for international prosecution. The Chanler Group and its clients expect this to be the beginning of a new trend, where overseas manufacturers are held accountable for the products they provide for American consumers.
The head of A.P. Moeller-Maersk A/S, owner of the world's biggest container shipping line, said China's efforts to boost domestic consumption and pare reliance on exports will help carriers as imports into the country may gain.