As China slows its pace, West feels the squeeze

China's slower growth as part of its economic restructuring is having an effect in Europe and the U.S., with Western companies that invested heavily in China hoping to profit from its growing market now feeling a squeeze. "Don't kid yourself. When a country falls from double-digit growth to 7.5%, there are repercussions," observed Pierre Pringuet, CEO of distiller Pernod Ricard.

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