China’s Slowdown Has an Upside for BRICS Bloc Dealmakers
- China is the dominant member of group of BRICS countries
- Standard Bank CEO expects shakeup of global supply chains
This article is for subscribers only.
China’s economic slowdown opens doors for other nations to draw a bigger share of investment targeted at emerging markets, according to executives attending an annual BRICS summit.
The deceleration, characterized by a property slump, soaring municipal debt and a youth unemployment crisis, has jolted financial markets as investors ponder what it might mean for commodities amid waning demand from the world’s second-largest economy.