China’s economic slowdown: Good or bad news for Europe and Central Asia?
By Maurizio Bussolo, Europe and Central Asia Chief Economist Office, The World Bank Group
China’s economy looms large in global markets. After decades of sustained economic growth, the country became the world’s largest exporter in 2007 and today sells abroad 60% more goods and services than the United States and 75% more than Germany – the second and third largest exporters, respectively. In addition, China is the second largest importer of goods and services in the world, after the United States.
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