The Chinese economy posted 7.5% GDP growth in the second quarter, confirming fears of an economic slowdown. The disappointing Flash PMI report only worsened these concerns.
And worries of a hard landing, or a sudden drop to below 6% full-year growth, are coming back too.
"Drawing on different studies, mainly from the IMF and the OECD, we estimate that the impact of the
There's also the impact of the decline in investment, since "investment has significantly higher import content than consumption, most notably through commodities and machine tools."
Here's a look at the countries that would be hit the hardest by a slowdown in China:
Societe Generale