Experts: U.S. recession would have limited impact on China

01/9/2008 | Sydney Morning Herald (Australia), The

Experts say a recession in the U.S. would have only a slight impact on China, but they warn that Washington may react with protectionist trade policies. Fred Hu, managing director of Goldman Sachs in Asia, said the effect wouldn't be entirely negative. "If there is a mild recession, not a protracted, deep recession, that may provide some welcome cooling agent to the Chinese economy, whose rapid growth is largely export-driven," he said.

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Sydney Morning Herald (Australia), The

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