Pain

: But the acute pain, according to the IMF, will be more regionally concentrated and confined than would be the case for a deep recession in the United States, according to The Guardian. Unfortunately, this might be wishful thinking. Typical estimates, for example those embodied in the International Monetary Fund's assessments of country risk, suggest an economic slowdown in China will hurt everyone. First, the effect on international capital markets could be vastly greater than Chinese capital market linkages would suggest. Although it is true that the US is still by far the biggest importer of final consumption goods a large share of Chinese manufacturing imports are intermediate goods that end up being embodied in exports to the US and Europe foreign firms nonetheless still enjoy huge profits on sales in China. However jittery global investors may be about prospects for profit growth, a hit to Chinese growth would make things a lot worse. (news.financializer.com). As reported in the news.