Outlook for China seems gloomy.

The outlook for China going forward does not look too enticing. And this is evident not only from GDP numbers but also from copper prices. China is the world's biggest consumer of copper. Thus there are concerns that a slowdown in GDP in the dragon nation will take a toll on the demand for the industrial metal. As reported on Moneynews, copper has dropped 13% this year, the most among 34 commodities tracked by Bloomberg. Global demand will trail production by 81,000 metric tons in 2014 as per Barclays Plc estimates. Not just that, importing copper into China has become uneconomical given that domestic output is likely to gain. What is more, Chinese banks have slowed the issuance of letters of credit for imports. All of this means that lower demand from China for copper will lead to fall in prices for the metal. Indeed, even the GDP is expected to come in at 7.5% which is much lower than the 9% plus growth that the country was used to in the past.