China: How Its Slowdown Will Affect the U.S.

China’s economy is slowing visibly, diluting its impact as the major engine of global economic growth. Will that blunt the fragile U.S. recovery as well?

There’s no question that China’s economy is losing steam. The fast-rising economic juggernaut grew by only 7.6% during the year ending in the second quarter, it reported last week. That’s the slowest growth China has posted since the 2008 global financial collapse, and far below the 10%-12% pace it typically enjoyed before the recession.

SEE ALSO: New U.S.-China Rivalry: Vying for Asia's Trade

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Art Pine
Contributing Editor, The Kiplinger Letter