China slowdown has global effect

Spending curbs jolt markets, commodity producers

Posted: February 12, 2014 at 3:30 a.m.

A Chinese couple pass a billboard advertising jewelry on a street in Beijing in November. China’s leaders want the world’s second-largest economy to become a consumer society, and the change is causing economic ripples around the globe.

The reaction was slow in coming, but financial markets and corporate bosses have been jolted awake to China’s relentless growth decline and are scrambling to cope with wrenching changes in global business.

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Business, Pages 25 on 02/12/2014