- By Nick Marsh
- Asia business correspondent
28 September 2023
Updated 44 minutes ago
Image source, Getty Images
Image caption,
Economists are grappling with how China’s economic slowdown could affect the world
There is a saying that when the United States sneezes, the rest of the world catches a cold. But what happens when China is unwell?
The world’s second-largest economy, home to more than 1.4 billion people, is facing a host of problems – including slow growth, high youth unemployment and a property market in disarray.
While these issues add up to a major headache for Beijing, how much does it matter to the rest of the world?
Analysts believe worries of an impending global catastrophe are overstated. But multinational corporations, their workers and even people with no direct links to China are likely to feel at least some of the effects. Ultimately, it depends on who you are.
