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/Bloomberg

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.

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