US slowdown imperils China’s path to export-driven recovery

Q: How long will it take to read this news story?

The story "US slowdown imperils China’s path to export-driven recovery" has 1757 words across 43 sentences, which will take approximately 8 - 15 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "US slowdown imperils China’s path to export-driven recovery" was covered 10 hours ago by Economic Times, a news publisher based in India.

Q: How trustworthy is 'Economic Times' news outlet?

Economic Times is a fully independent (privately-owned) news outlet established in 1961 that covers mostly business news. The outlet is headquartered in India and publishes an average of 5 news stories per day. It's most recent story was published 10 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #21977835</li><li>URL: https://beamstart.com/news/us-slowdown-imperils-chinas-path-17230949899626</li></ul>

Economic Times Logo Economic Times 10h ago

US slowdown imperils China’s path to export-driven recovery - Economic Times

Quick Summary:

A downshift in the US would upend priorities for China, which has seized on a resurgent American economy post-pandemic to let domestic consumption take a back seat and instead leaned hard on external demand.

China’s export engine, vital for keeping the country’s growth target of around 5% within reach, is now threatened by signs of sagging US demand, just as Beijing is also struggling to jolt its own consumer economy.

Such spillovers would risk undermining the strategy promoted by President Xi Jinping’s government to diversify trade by shipping more products to countries from Vietnam to Saudi Arabia.“When the US sneezes, emerging markets get a cold, if not pneumonia,” said Alicia Garcia Herrero, chief Asia-Pacific economist at Natixis SA.“And China, as we speak, is more and more dependent on markets in the emerging world.