Economics
China's Slowdown Could Be a Plus for U.S. and Europe in the End
- Lower commodity prices seen as windfall for Western consumers
- Biggest risk from China is global financial-market contagion
A pedestrian holding an umbrella walks past buildings illuminated at night in the Lujiazui district of Shanghai, China, on Thursday, Oct. 29, 2015.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China’s slowdown is blamed for causing everything from global market turmoil to falling sales of crocodile-skin handbags. Some even say it could trigger a global recession.
Yet the slowest growth in 25 years in the world’s second-biggest economy is proving a boost for consumers and companies in Western Europe and the U.S., according to Neville Hill, co-head of global economics and strategy at Credit Suisse Group AG in London.