China’s ‘Sharper-Than-Expected’ Slowdown to Reverberate Global Markets

SputnikNews.com
11.07.2016

International Monetary Fund (IMF) Deputy Managing Director Mitsuhiro Furusawa said that the share of the debt Chinese companies are unable to pay off is growing.

WASHINGTON (Sputnik) – The Chinese economy’s slower-than-anticipated growth has the potential for regional and global spillovers, International Monetary Fund (IMF) Deputy Managing Director Mitsuhiro Furusawa said at a symposium on Monday.

“The outcome of China’s economic rebalancing is one of the most important risks facing the global economy,” Furusawa argued. “A sharper-than-expected growth slowdown has the potential to reverberate to countries worldwide that have become closely linked to the Chinese economy.”

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This entry was posted on Monday, July 11th, 2016 at 2:30 pm and is filed under China, Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.