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- Description
- Published by:
- Angel Morgan
- Published:
- 6/5/2013
- Specs:
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Flyer / 8.25" x 10.75"2 pages
- Category:
- News
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The world should stop panicking over China (CNGDPYOY)’s economic slowdown. It’s actually a good thing. This advice won’t go down well in Australia, which has made a big leveraged bet that China will keep growing 10 percent forever. It won’t comfort exporters in Japan, Singapore, South Korea or Taiwan. Traders won’t be happy to see prices of oil, gold and steel plunge as demand from the mainland shrinks. Asia, as a whole, will shudder if China weakens the yuan. Europe might have to find a new benefactor for its debt markets.
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