WASHINGTON — China is exporting something new to the world economy: Fear. Global investors are quaking over the prospect of a devastating slump in the world’s second-biggest economy. And they’re fast losing confidence that China’s policymakers, seemingly so sure-footed in the past, know how to solve the problem. The worst-case scenario is that a collapsing Chinese economy would derail others around the world – from emerging markets in Chile and Indonesia to industrial powers such the United States, the European Union and Japan. The free-fall in the stock markets, in the words of David Kelly, chief global strategist at JP Morgan Funds, is “Made in China.” This year, the International Monetary Fund expects China’s economy to grow 6.8 percent, which would be its weakest peace since 1990. China, which was posting double-digit growth in the mid-2000s, is trying to engineer a daunting transition – from overheated growth fueled by exports and often-wasteful investment to slower growth built on consumer spending. Official numbers show the Chinese economy grew 7 percent from January through March from a year earlier.
Similar Stories to Cooling Chinese Economy Chills Investors Around The World on Bing News
PAUL WISEMAN and DAVID McHUGH - The Associated Press, Portland Press Herald
Mon, 08/24/2015 - 3:53pm
Sections: u.s.
Topics: Maine Cumberland County Portland
RELATED ARTICLES
- Did Donald Trump light the flame of Jan. 6?
More - Mainers are helping preserve a century-old amateur racing tradition
More - This is the cutest coyote trail cam video you’ll ever see
More - This retired eastern Maine UPS driver is trying his hand at standup comedy
More - Maine voters are divided on whom to hold accountable for economic woes
More
BING NEWS:
- The Chinese Economy Has Issues, But That Doesn't Make It Uninvestable
Read here for an update on China's economic stimulus, improving standard of living, and investment opportunities amidst market fears and exaggerations.
11/29/2024 - 3:56 pm | View Link - Retail Investors Are Key to Sustaining China’s Stock-Market Rally
Retail investors in China shied away from stocks as markets dropped in 2022 and 2023, but they’ve been roused awake this year by Beijing’s efforts to bolster the economy.
11/27/2024 - 1:14 pm | View Link - Chinese startups suffer as IPO freeze prompts investors to exercise redemption rights
Chinese startups are increasingly struggling with demands from early-stage venture capitalists to return their investment or face lawsuits, after failing to provide an exit via a market listing within ...
11/24/2024 - 12:34 pm | View Link - China Investors Digest Another Letdown From Big Tech Earnings
From Tencent Holdings Ltd. to Alibaba Group Holding Ltd., China’s tech leaders delivered underwhelming numbers for a quarter beset by economic and geopolitical uncertainty. Whether or not they can win ...
11/24/2024 - 8:00 am | View Link - Chinese Currency Hits 3-Month Low: Trump's Anti-China Cabinet Appointments Rattle Investors
Chinese markets drop as Trump considers China hawks for top roles, sparking fears of tougher stance. Yuan tumbles, stocks in Shanghai and Hong Kong plummet.
11/12/2024 - 12:16 am | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more