China’s Slowdown and Asia’s Economy
After three decades of double-digit growth, the weakening performance of China, now the world’s second-largest economy, is a major source of concern – and not just for the Chinese. But, while the slowdown will have negative consequences for some countries in the region, it is also creating opportunities for others.
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MANILA – China’s economic slowdown in 2015 will have important consequences for countries in the region and beyond. For most countries, the sub-7% GDP growth expected this year – and in the coming years – would be a cause for celebration. After three decades of double-digit growth, however, the weakening performance of what is now the world’s second-largest economy is a significant source of concern – and not just for the Chinese.