China’s Worsening Economic Slowdown Is Rippling Across the Globe ...Middle East

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China’s Worsening Economic Slowdown Is Rippling Across the Globe
source : Time ( Middle East ) () 31
China’s economy was meant to drive a third of global economic growth this year, so its dramatic slowdown in recent months is sounding alarm bells across the world.  Policymakers are bracing for a hit to their economies as China’s imports of everything from construction materials to electronics slide. Caterpillar Inc. says Chinese demand for machines used on building sites is worse than previously thought. U.S. President Joe Biden called the economic problems a “ticking time bomb.” [time-brightcove not-tgx=”true”] Global investors have already pulled more than $10 billion from China’s stock markets, with most of the selling in blue chips. Goldman Sachs Group Inc. and Morgan S

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