Asia Worried by China’s Economic Hiccup

While talk of political dysfunction in the United States dominated many of the conversations at this year’s Asia Pacific Economic Cooperation summit, another topic was causing anxiety: China’s economic slowdown and its implications for the region.

China’s so-called economic miracle has powered growth in Asia for years, helped deepen trade ties and spread much-needed capital to its neighbors.

But now, it looks like slowing growth in China could spill across borders to less-developed parts of the continent.   The World Bank just downgraded its forecast for the increase in China’s GDP this year to 7.5% from 8.3%. Its estimate for the rest of Asia was even worse: 7.1% instead of 7.8%.


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