A few years ago when the economy of China was growing at a fast pace, I heard and read about how China will take over the US as the #1 economic power in the world etc, and how that could be bad news for us here.
Now that China has slowed down a bit, then we get stocks plunging here and people worried about their investment etc.
I get it that China is a big market and their growth and consumption will effect what we do here. But I really don't understand how a fast growing China is not good, and a slow growing China is also bad? So which is it that we want to see, does anyone know?
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