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Thrifty resilience
HOME > PAST ISSUE > REPORTS [Premium content]December 2006
A focus on low-end products may give Chinese exporters an edge to survive a slowdown in the US
It is a common belief that as the US economy moves, so moves the world. Students are taught that US interest rates drive world rates and pundits confidently assure viewers that worldwide financial markets follow those of their American counterparts.
This was a happy assumption while US growth remained strong. But with the future of the US domestic economy looking ever shakier, analysts are nervously revisiting the question of how much a US slowdown would affect worldwide markets.
This was a happy assumption while US growth remained strong. But with the future of the US domestic economy looking ever shakier, analysts are nervously revisiting the question of how much a US slowdown would affect worldwide markets.
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