Why global growth is still made in China

With much talk of an economic slowdown for China, and even a ‘hard landing’ for the giant Asian economy, Stephen S Roach looks at the possible consequences for the rest of the world.

DESPITE all the hand-wringing over the vaunted China slowdown, the Chinese economy remains the single largest contributor to world GDP growth.

For a global economy limping along at stall speed — and most likely unable to withstand a significant shock without toppling into renewed recession — that contribution is all the more important.