China Panic Clashes With Outlook for Modest 2016 Growth Slowdown

January 7, 2016 1:54 PM

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The panic seen in Chinese financial markets this week, with a sliding yuan and stock trading suspensions, is increasingly out of whack with what economists anticipate will be another modest slowdown in the world’s No. 2 economy.

While stock sell-offs in economies like the U.S. can pose major economic challenges because of the impact on household wealth, that’s less been the case in China. Retail sales grew through 2015 despite a market rout that at one stage erased $5 trillion in value, underscoring how a policy-driven shif...

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