Economics
U.S. Economy Set to Benefit From China Slowdown as World Suffers
- German Bundesbank estimates impact of weaker Chinese economy
- American growth seen as being bolstered by cheaper imports
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The U.S. would probably benefit from a sharp slowdown in China’s economy even as the rest of the world suffers, according to calculations by Germany’s Bundesbank.
What may seem like a counter-intuitive scenario has its roots in trade relations. The U.S., the world’s largest economy, imported goods worth more than $500 billion from China last year, over three times as much as it exported to the country.