Daily Local News (West Chester, PA)

Survey: China slowdown to bruise global economy


China’s roaring economy for years has pulled much of the rest of the world with it, soaking up oil, iron ore and other commoditie­s from developing countries and autos and luxury goods from Europe.

But its role as a global engine is fading as its economy slows — and many other nations, in the view of economists, will feel the pain. An Associated Press survey of 30 economists has found that 57 percent of them expect China’s decelerati­ng economy to restrain growth in countries from Brazil and Chile to Australia and South Korea.

A notable exception is the United States, which the economists see as largely insulated from China’s troubles.

China’s once-explosive growth has slowed in part because of its government’s efforts to restrain its speculativ­e real estate sector and shift its economy toward consumer spending. China’s economy expanded 7.3 percent in the third quarter from a year earlier, its slowest pace since 2009.

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