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China Slowdown Impacts Neighbors, But Other Factors Offer a Buffer

The slowdown of the Chinese economy may have a bigger impact than Brexit on Southeast Asia, as many of its neighbors are reliant on trade with China for growth. And while many are feeling the impact of that slowdown, the region's growing middle class is helping to act as a buffer. China's Gross Domestic Product (GDP) expanded 6.7 percent in the first quarter, the slowest reading since the global financial crisis in early 2009. Joseph Incalcaterra, an economist with HSBC, said,...

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