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China's flailing economy could impact the US more than some experts think. That's because the US is a top foreign investor in China, economist David Rosenberg said. China also buys 40% of all exports from Chile, 34% of all exports from Australia, and 32% of all exports from Peru. The economic downfall will weigh negatively on the global economy, primarily through trade channels on countries with a high dependency on China," Rosenberg and Bakiskan said. The commodities trade in particular will feel the effects of China's economic problems, and countries that are top exporters of key metals are exposed, Rosenberg and Bakiskan said.
Persons: David Rosenberg, Rosenberg, Atakan, Bakiskan, Morgan Stanley Organizations: Service, Rosenberg Research, footholds Locations: China, Chile, Australia, Peru, Wall, Silicon, United States, Asia, Beijing
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