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15.02 - 03:29
China’s Slowdown to Limit Global Growth but Not Undermine World Economy
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HONG KONG—A prolonged slowdown in China’s economic growth could hurt some multinational companies and commodity producers for years to come, casting a shadow over the global recovery from the pandemic—but likely not derailing it entirely.
Sputtering momentum in China’s economy—which accounts for about 15% of global trade and a quarter of projected global economic growth in the five years through 2026—is already weighing on prices for commodities like iron ore, and making it harder for some companies to grow their businesses there.
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