China’s sliding economy will crush Asia

Slackening demand thanks to China's economic slowdown threatens to deal Asia a heavy blow.

As China's economy slows, what does this mean for the rest of emerging Asia? China accounted for 60% of Asia ex-Japan's GDP in 2012, up from 41% in 2002, says investment bank Morgan Stanley.

As China's domestic economy flourished during and after the global credit crisis, thanks to the investment boom, it became an important source of demand for Asian exporters. China and Hong Kong took 24% of the rest of Asia's exports by 2010. The figure has fallen to round 23%, but is still up significantly from 19% ten years ago.

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